Acacia Communications, Inc.


Company Name:
Acacia Communications, Inc.  
Sector:
Semiconductors & Semiconductor Capital Equipment 
Transaction Type:
IPO 
Ticker Symbol:
ACIA 
Deal Amount:
$119M
Transaction Date:
5/12/2016 
Transaction Summary:
Acacia Communications, Inc. raised $119.03 million in its initial public offering at $23.00 per share. Needham acted as a co-manager on the transaction. The Company‚Äôs underwriters fully exercised their option to purchase an additional 675,000 shares of common stock at the initial public offering price to cover over-allotments. The net proceeds from the sale of the shares will be used by Acacia Communications for for working capital and general corporate purposes. Acacia Communications will not receive any of the proceeds from any sale of shares by the selling stockholders. 
Company Description:
Acacia Communications (NASDAQ: ACIA) develops, manufactures and sells high-speed coherent optical interconnect products that are designed to transform communications networks through improvements in performance, capacity and cost. By converting optical interconnect technology to a silicon-based technology, a process Acacia refers to as the "siliconization of optical interconnect," Acacia is able to offer products that meet the needs of cloud and service provider customers in a simple, open, high-performance form factor that can be easily integrated in a cost-effective manner with existing network equipment.  
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