The network effect: Tech IPO Acacia Communications prices above the midpoint at $23

Tech IPO Acacia Communications 

Acacia Communications, which provides low-power, high-speed interconnect modules for optical networks, raised $104 million by offering 4.5 million shares at $23, the high end of the range of $21 to $23. Acacia Communications plans to list on the Nasdaq under the symbol ACIA. Goldman Sachs, BofA Merrill Lynch and Deutsche Bank acted as lead managers on the deal.

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