Acacia Communications lowers IPO target
Optical module vendor Acacia Communications filed an S-1/A form with the Securities Exchange Commission May 2 that states it now thinks it will garner less from its planned initial public offering (IPO) than originally expected. The fact that the company now hopes to receive $119 million, down from the original $125 million target set in January, likely signals that Wall Street still views the optical component and module space with suspicion.