Calix finally made it official last Friday that it has filed for an Initial Public Offering (IPO).
Since the IPO filing is only preliminary, the company did not provide how many shares would be offered in the IPO. However, it did say that it wrote $100 million for the offering and that Goldman Sachs, Morgan Stanley, Jefferies & Co. and UBS Investment Bank are serving as underwriters. It was revealed in its IPO filing that the company had $146.6 million in revenues and lost $28.3 million as of the end of September, 2009.
This is not the first time that company leader CEO Carl Russo has put one of his companies aboard the IPO train. Just before selling off the former Cerent for a whopping $7 billion to Cisco (remember, this was 1999), the company had already filed for an IPO.
And while Russo is certainly Calix's front man, the company probably would have never gotten to this point without the assistance and vision of Calix's founder Mike Hatfield, a former DSC (now Alcatel-Lucent) and AFC (now Tellabs) telecom alumn who has since moved on to his new venture Cyan Optics. Whereas Cerent targeted the optical core and Calix the last mile, Cyan Optics is targeting the so-called middle mile.
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