logo
Share SHARE
FONT-SIZE Plus   Neg

Procera Networks To Sell 3.5 Mln Shares

Procera Networks Inc. (PKT: Quote) 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

Editors Pick
Warner Bros. Interactive Entertainment said its upcoming mobile game releases in 2015 would include Batman, DC Comics, LEGO, "Game of Thrones," and "Mortal Combat X". A study claims the ghastly civil war in Syria is the result of a severe drought brought about by global warming - in what is yet the strongest link between climate change and armed conflict. U.S. electronics giant Apple Inc. (AAPL) regained the top spot in the world smartphone market from South Korea's Samsung Electronics Co Ltd. after a gap of three years, according to a report released Tuesday by market research firm Gartner, Inc. (IT). Apple sold 74.832 million smartphones in the...
comments powered by Disqus
RELATED NEWS
Trade PKT now with 
Follow RTT