News

Harmonic Sets Public Offering

10/29/2003 4:20 AM Eastern

Harmonic Inc. said Wednesday that it will offer 9 million common shares at $7.40 apiece.

The company is shooting for an aggregate public-offering price of $66.6 million.

UBS Securities LLC is acting as the sole book-running manager in this offering, and SoundView Technology Group and Needham & Co. Inc. are acting as co-managers.

Harmonic has also granted the underwriters an option to purchase 1.35 million additional shares of common stock within 30 days after the offering to cover overallotments.

Sunnyvale, Calif.-based Harmonic is a provider of digital-video, broadband-optical-networking and Internet-protocol delivery systems to cable, satellite, telecommunications and broadcast-network operators.

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