Xtera Communications, which sells network infrastructure for long-haul, submarine, metro and WAN networks, filed on Monday with the SEC to raise up to $60 million in an initial public offering.
The Allen, TX-based company, which was founded in 2000 and booked $50 million in sales for the 12 months ended June 30, 2015, plans to list on the Nasdaq under the symbol XCOM. Needham & Co., Cowen & Company and BMO Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
