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Short Take: Arrowpoint files for IPO

ArrowPoint Communications announced it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of shares of its common stock. All of the shares are being offered by the company. Goldman, Sachs is acting as lead manager for this offering with Deutsche Bank Alex. Brown and J.P. Morgan acting as co-managers. The net proceeds from the sale of shares by the company will be used for general corporate purposes, including the funding of operations, the expansion of sales, marketing and product development activities, and for working capital.

    ArrowPoint Communications announced it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of shares of its common stock. All of the shares are being offered by the company. Goldman, Sachs is acting as lead manager for this offering with Deutsche Bank Alex. Brown and J.P. Morgan acting as co-managers. The net proceeds from the sale of shares by the company will be used for general corporate purposes, including the funding of operations, the expansion of sales, marketing and product development activities, and for working capital.