Cavium Networks, a fabless designer of highly-integrated processors that enable intelligent networking, announced the pricing of its IPO Tuesday evening. The company is offering 6.75 million shares, 8% more than the 6.25 million originally filed, at a price of $13.50 each, 8% higher than the midpoint of the amended $12-$13 range. Morgan Stanley and Lehman Brothers were the lead managers on the deal. The stock is expected to begin trading on Wednesday on the NASDAQ under the ticker "CAVM."
