Netgear Catching the Crest of the Wi-Fi Wave
By K.C. Swanson
Staff Reporter
07/31/2003 12:11 PM EDT
Click here for more stories by K.C. Swanson
Updated from July 30
Just as Wall Street analysts are becoming wary of Wi-Fi, investors are warming up to it.
Netgear (NTGR:Nasdaq - commentary - research), which makes gear used for wireless fidelity networks (as well as Ethernet networks and broadband), made a strong showing when it started trading Thursday.
The company raised $98 million through an initial public offering of 7 million shares priced at $14 each. The offering was underwritten by Lehman Brothers, Merrill Lynch and UBS Warburg. Tuesday, in light of robust demand, Netgear's offering price was hoisted from the $10 to $12 range to $12 to $14.
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By K.C. Swanson
Staff Reporter
07/31/2003 12:11 PM EDT
Click here for more stories by K.C. Swanson
Updated from July 30
Just as Wall Street analysts are becoming wary of Wi-Fi, investors are warming up to it.
Netgear (NTGR:Nasdaq - commentary - research), which makes gear used for wireless fidelity networks (as well as Ethernet networks and broadband), made a strong showing when it started trading Thursday.
The company raised $98 million through an initial public offering of 7 million shares priced at $14 each. The offering was underwritten by Lehman Brothers, Merrill Lynch and UBS Warburg. Tuesday, in light of robust demand, Netgear's offering price was hoisted from the $10 to $12 range to $12 to $14.
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