Xtera Communications Debuts In IPO

Allen, Texas-based Xtera Communications, a developer of optical transport hardware for the telecom industry, has debuted in its IPO, pricing last night at $5.00 per share, and was up ever so slightly in trading this morning, trading as high as $5.15 on the NASDAQ as XCOM. The company had originally estimated an IPO range of between $9.00 and $11.00 per share. Xtera is venture backed by New Enterprise Assocaites, Welllcome Trust, ARCH Venture Partners, Sevin Rosen, and VantagePoint.