logo
Share SHARE
FONT-SIZE Plus   Neg

Procera Networks To Sell 3.5 Mln Shares

Procera Networks Inc. (PKT) Tuesday said it plans to sell 3.5 million shares in a public offering. Procera said it will use the proceeds for working capital and general corporate purposes including potential acquisitions.

Procera intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of the shares to cover over-allotments, if any.

Stifel Nicolaus Weisel is the sole book-running manager, while William Blair & Company is the co-lead manager and Pacific Crest Securities, Raymond James and Sterne Agee are serving as co-managers.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Mortgage rates are continuing to hold at low levels amidst ongoing economic uncertainty, mortgage provider Freddie Mac announced Thursday. The 30-year fixed-rate mortgage averaged 3.89% with an average 0.4 point during the week ending August 17, down from 3.90% in the prior week. It is now just one basis point above its 2017 low. Shares of Infosys Technologies Ltd. were losing around 10 percent in Indian trading on Friday after the Software exporter announced that Vishal Sikka has resigned as the Managing Director and Chief Executive Officer with immediate effect. The company appointed current chief operating officer Pravin Rao as the Interim-Managing Director and Chief Executive Officer. Reports that Gary Cohn is considering resigning as President Donald Trump's top economic advisor have weighed on Wall Street, although the White House has denied the claims. Cohn, former president and chief operating officer of Goldman Sachs (GS), currently serves as the Director of the National Economic Council.
comments powered by Disqus
Follow RTT