Eschelon Telecom, which provides voice and data services to small and mid-sized companies in the western US, priced 5.4 million shares at $14, below its proposed $15 to $17 price range, on Wednesday night. However, the company sold nearly 700k more shares than originally expected. Lehman Brothers was the lead underwriter on the deal. The stock is expected to begin trading on the NASDAQ under the ticker ESCH on Thursday.
