In a sign of strong demand, BigBand Networks priced its 10.7 million share offering at $13, an 18% premium to its proposed $10-$12 range. BigBand provides carrier-class networking infrastructure equipment that enables cable and telecom operators to efficiently process and deliver advanced video services, such as all-digital broadcast TV, HDTV, Video-on-demand and IPTV. (For more information on the company, view our Featured IPO write-up). Morgan Stanley and Merrill Lynch acted as joint book-running managers for the IPO, and the stock is expected to commence trading on the Nasdaq under the ticker symbol "BBND" on Thursday.
