Soundbite Communications, a provider of on-demand automated voice messaging solutions to organizations, priced its 5.2 million share offering at $8 midday Thursday. Of the 5.2 million shares, 485,000 were sold by insiders. The stock began trading just after 2:00 pm Thursday on the NASDAQ under the symbol "SDBT" and broke below its IPO price in the following minutes. At 3:29 pm SDBT was trading at $7.80. Cowen & Company and Thomas Weisel were joint book runners on the deal.
