Thursday, September 21, 2006

Shares of Riverbed Technology Leap in IPO

The San Francisco-based company, which makes network infrastructure products for computer systems, saw its stock rise $5.55, or 57 percent, from the IPO price to close at $15.30 Thursday on the Nasdaq Stock Market.

Riverbed's shares opened at $14.60 on the Nasdaq, well above the IPO price of $9.75 a share.

A total of 8.8 million shares were sold to investors, and the deal priced above the expected range of $7 a share to $8.50 a share. Goldman Sachs Group Inc. managed the offering.

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