Renaissance Capital logo

Acme Packet raises proposed range

October 12, 2006

Acme Packet, which provides session border controllers that enable interactive communications, such as VoIP, increased the proposed range for its IPO on Thursday to $8-$9, up from $6.50-$7.50. The new proposed market cap is $543 million. Goldman Sachs, Credit Suisse, JP Morgan and ThinkEquity Partners are managing the deal which is expected to price tonight.