Acacia Communications, Inc.

Company Name:
Acacia Communications, Inc.  
Semiconductors & Semiconductor Capital Equipment 
Transaction Type:
Follow-on Offering 
Ticker Symbol:
Deal Amount:
Transaction Date:
Transaction Summary:
Acacia Communications, Inc. raised $450.0 million in its follow-on offering at $100.00 per share. The offering consists of 1,210,302 shares from Acacia Communications and 3,289,698 shares from certain existing stockholders. Needham acted as a co-manager on the transaction. The net proceeds from the sale of the shares from the offering will be used by Acacia Communications, Inc. 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. 
Investment Banking