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WAN optimisation vendor Riverbed Technology has completed its initial public offering (IPO) on the Nasdaq Global Market.
CRN revealed earlier this month (CRN Online 4 September) that Riverbed would complete its IPO at the end of September.
Marcus Chambers, vice-president of sales for EMEA at Riverbed, told CRN at the time: "The channel has reacted positively to this [the IPO] as it validates Riverbed's technology. The IPO makes resellers feel that Riverbed will be around for a few years."
The vendor has listed of 8.7 million shares of its common stock at a price of $9.75 per share. Riverbed’s common stock will be listed on the Nasdaq Global Market under the symbol “RVBD” and has begun trading today.
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