NeoPhotonics
a supplier of photonic integrated circuit (PIC) based modules and subsystems, completed its initial public offering (IPO) and began trading on NYSE under the symbol NPTN.
The stock closed at $13.25 on Wednesday.
The company priced its initial public offering of 7,500,000 shares of its common stock, at $11.00 per share. All shares are being sold by the company. NeoPhotonics has granted the underwriters an option to purchase up to an additional 1,125,000 shares at the initial public offering price to cover overallotments, if any.http://
- In September 2010,NeoPhotonics announced general availability of its Integrated Coherent Receiver (ICR) for 100 Gbps DWDM transmission systems. The ICR is an integrated intradyne receiver based on NeoPhotonics' Photonic Integrated Circuit (PIC) technology. The ICR supports the requirements of the OIF Implementation Agreement on 100G Integrated Polarization Intradyne Coherent Receivers. The device provides advanced demodulation to analyze the state-of-polarization and optical phase of a phase-modulated signal relative to an externally supplied optical reference, enabling recovery of the phase-polarization constellation of 100 Gbps Dual Polarization Quadrature Phase Shift Keyed (DP-DQPSK) format signals. The ICR incorporates four sets of high sensitivity balanced photodiodes with four differential linear amplifiers to provide four output channels at 32 Gbaud data rates.
