Cyan, the Petaluma networking equipment company, will make its debut Thursday morning on Wall Street.
Late Wednesday, the company announced that it had priced its 8 million shares of common stock at $11 per share. The shares are scheduled to begin trading Thursday on the New York Stock Exchange under the symbol CYNI.
The underwriters have been granted a 30-day option to purchase up to an additional 1.2 million shares of common stock from Cyan at the IPO price.
Goldman, Sachs & Co. and J.P. Morgan Securities are acting as lead joint book-running managers for the offering. Jefferies is acting as a book-running manager, and Pacific Crest Securities is acting as a co-manager.