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
Casino operator Las Vegas Sands Corp. (LVS), Monday said its second-quarter profit dropped from last year, hurt largely by continued challenging environment in the high-end gambling business in Macao, China. Earnings for the quarter fell short of Wall Street expectations, as did revenues. Second-quarter... Analog chip maker Texas Instruments Inc. (TXN), Monday reported a 12 percent jump in profit for the second quarter, driven largely by better cost control and higher revenues. Earnings for the quarter trumped analysts' expectations, as did revenues. The company also detailed a strong outlook for the third... UPS (UPS) has announced the expansion of its UPS Worldwide Express package service to reach 117 countries and territories. UPS, the world's largest package delivery services, delivers more packages internationally than any other carrier. Over 50 countries and territories have been added to the UPS...
comments powered by Disqus
Follow RTT