In a sign of strong demand, Infinera priced its offering of 14 million shares at $13, above its proposed $10-$12 range. The Sunnyvale, CA-based company provides optical networking systems based on the industry's first ever commercially deployed Photonic Integrated Circuit (PIC), which combines over 60 discrete optical components into two iridium phosphide chips the size of a child's fingernail. The IPO was underwritten by Goldman Sachs, Citigroup, JP Morgan, Lehman Brothers and Thomas Weisel, and the stock is set to commence trading under the ticker symbol "INFN" on Thursday.
