DragonWave puts figure on IPO

Dragonwave.jpgDragonWave Inc. files its final prospectus for an initial public offering that will see it put 7.6 million shares up for sale to raise over $30 million. Listing on the TSE and London AIM market, the Ethernet wireless technology vendor is selling 7,595,000 common shares at $3.95 a share, with the standard 15% over-allotment. Company sales have been climbing recently, with $19.4 million in revenue for fiscal 2006 more than doubling that of the previous year. Expected to close by week’s end, the offering will be underwritten by a syndicate led by Canaccord Capital Corporation and including CIBC World Markets Inc. and Genuity Capital Market G.P.

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