Shoretel Sets IPO Terms
Sunnyvale-based Shoretel has set terms of its IPO, saying in a filing with the SEC this morning that it will offer 7.9M shares of its common stock at between $8.50 and $11.50 per share. The firm will trade on the NASDAQ Global Market as SHOR. The firm's IPO is being underwritten by Lehman Brothers, JPMorgan, Piper Jaffray, JMP Securities, and Wedbush Morgan Securities. The firm is backed by Crosspoint, Foundation Capital, Lehman Brothers Venture Partners, JPMorgan, and others.
posted on Monday, June 11, 2007
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