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Voltaire Strikes IPO

Clustering vendor prices its final offering and busts public move

InfiniBand specialist Voltaire became the latest storage vendor to take the IPO plunge today and is looking to raise around $46 million through its offering. (See Voltaire Announces IPO Pricing.)

Trading under the ticker symbol 'VOLT', the clustering firm made its Nasdaq debut this morning, following in the footsteps of a growing list of storage vendors. (See Netezza Closes IPO, Netezza Files for IPO, Double-Take Files for IPO, and Data Domain Closes IPO.)

Last night the vendor priced 5,770,000 shares at $9.00 per share, and expects to make net proceeds of $46 million from the offering, after an underwriting discount and offering expenses.

Unlike recent storage IPOs such as Data Domain, Double-Take, Isilon, Riverbed, and fellow InfiniBand vendor Mellanox, which all enjoyed brisk trading on their first day as a public company, trading in Voltaire's shares has been much less frenzied. (See Data Domain Goes Public, Quantum Gains on Rival's IPO, Data Domain Prices IPO, Double-Take, Isilon Go Public, Isilon Announces IPO, Riverbed Comes Out at $9.75, and Mellanox Exceeds IPO Hopes.) After opening at $9, Voltaire's shares were trading around $8.50 shortly after midday.

The shares closed at $8.33, down 7.44 percent from the $9 opening price.

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