Netlist, a provider of high-performance DRAM memory subsystems for high-end computing applications, priced its 6.25 million share offering at $7, the low end of its $7-$9 range. The Irvine, CA based company has seen its sales rise dramatically over the past several quarters (year-to-date sales have grown 94%) helped by robust sales of blade servers and a ramp in business from its two largest clients, Dell and IBM. Thomas Weisel, Needham & Co., and WR Hambrecht served as underwriters on the deal. The stock is expected to open for trading on Thursday under the symbol "NLST" on the Nasdaq.
