Silver Spring Raises $81 Million Pricing IPO at Midpoint
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Silver Spring Networks Inc., the maker of networking equipment for smart electricity grids, raised $81 million in its initial public offering after pricing an increased number of shares at the midpoint of the range.
The Redwood City, California-based company sold 4.75 million shares for $17 each, according to data compiled by Bloomberg, after offering 3.71 million shares for $16 to $18 apiece. The stock will be listed on the New York Stock Exchange under SSNI.