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.
A summary of what you get if you subscribe to our premium market intelligence service
Matthew Polly says CrowdStrike is looking to branch out from the UK and into mainland Europe
Southampton-based VAR states that further acquisitions are in the pipeline
With UKFast launching a public cloud consultancy, Tom Wright asks if this is the way forward for all local hosting providers