Network storage and disk backup company Data Domain has announced pricing for its Initial Public Offering.
Shares start trading later today on Nasdaq. The price is $15 a share - higher than expected.
Data Domain is offering 7.39m shares - seven million from Data Domain and 390, 000 by a shareholder. The company should raise about $94.2m from the sale.
The company was founded in 2001 and claims 750 enterprise customers. Goldman Sachs and Morgan Stanley acted as advisors.
Press release is here.®