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Agilent ups IPO price

The Hewlett-Packard spin-off intends to sell shares for between $26 and $28 in an initial public offering that could raise $1.82 billion.

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Stephen Shankland
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Stephen Shankland principal writer
Stephen Shankland has been a reporter at CNET since 1998 and writes about processors, digital photography, AI, quantum computing, computer science, materials science, supercomputers, drones, browsers, 3D printing, USB, and new computing technology in general. He has a soft spot in his heart for standards groups and I/O interfaces. His first big scoop was about radioactive cat poop.
Expertise processors, semiconductors, web browsers, quantum computing, supercomputers, AI, 3D printing, drones, computer science, physics, programming, materials science, USB, UWB, Android, digital photography, science Credentials I've been covering the technology industry for 24 years and was a science writer for five years before that. I've got deep expertise in microprocessors, digital photography, computer hardware and software, internet standards, web technology, and other dee
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Agilent Technologies has increased the number of shares and raised their price range for an initial public offering that now could raise more than $1.82 billion.

The old price range of $19 to $22 per share has been increased to $26 to $28, the company said in a Securities and Exchange Commission filing today. As a result, the company could raise $1.82 billion, up from the previous estimate of $1.25 billion. Increasing the price range often indicates strong demand for the stock.

Agilent, a company Hewlett-Packard is spinning off, has increased the number of shares it will sell from 57 million to 65 million, the company said.

Though HP will own about 85.4 percent of Agilent's stock after the IPO, HP plans to divest its stake by mid-2000, the company said.

Agilent makes equipment to test electronic devices and chemical processes, medical monitoring equipment and cardiology products. It also develops electronic components for equipment such as high-speed fiber-optic networks.