Friday, December 15, 2006

Isilon IPO Hits Market Today

Seattle-based Isilon Systems's initial public offering is hitting the market today, as the firm said it will offer 8,350,000 shares of its common stock at $13.00 per share, in a $108M IPO. The firm said that its stock will begin trading this morning on the NASDAQ under the symbol ISLN. Isilon is a provider of systems for the data storage market. The IPO is being underwritten by Morgan Stanley & Co., Merrill Lynch, Pierce, Fenner & Smith; Needham & Company and RBC Capital Markets