Infinera Files for IPO
Febuary 26, 2007

Associated Press

Infinera Corp., which makes chips for fiber-optic networks, on Monday filed an initial public offering of up to $150M in common stock.

The Sunnyvale, Calif.-based company said it plans to list its stock on the Nasdaq Global Market under the symbol "INFN".

Details, such as the number of shares to be offered and an estimated price range, weren't disclosed in the filing with the Securities and Exchange Commission.

Infinera said it will use IPO proceeds for working capital and other general corporate purposes. It may also use a portion of the proceeds to repay its credit facilities or to acquire other businesses.

For the year ended Dec. 31, Infinera lost about $89.1 million, widening from a loss of $64.6 million in 2005.

For more on Infinera Infinera.com.

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