Thursday, March 15, 2007

BigBand Announces Pricing of IPO

"BigBand Networks, Inc. (NASDAQ:BBND - News) today announced an initial public offering of 10,700,000 shares of its common stock at a price of $13.00 per share (before underwriting discounts and commissions). Of those shares, BigBand Networks will sell 7,500,000 shares and selling stockholders will sell 3,200,000 shares. Several of its stockholders have granted the underwriters the right to purchase an additional 1,605,000 shares of common stock to cover over-allotments. BigBand's common stock will be listed on the Nasdaq Global Market under the symbol 'BBND' and will begin trading on March 15, 2007."

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