Starent Networks, Corp. Completes Successful IPO

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Starent Networks, Corp. Completes Successful IPO

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On June 11, 2007, our client Starent Networks (Nasdaq: STAR) closed a successful IPO. The IPO, which raised approximately $135.2 million, was priced above the estimated price range at $12 per share.

Starent Networks is a leading provider of infrastructure solutions that enable mobile operators to deliver multimedia services to their subscribers. Starent Networks has created solutions that provide network functions and services, including access from a wide range of radio networks to the operator’s packet core network, and also provide management of subscriber sessions moving between networks and application of billing and other session policies.

Serving as Starent Networks’ counsel in the IPO were WilmerHale lawyers Mark Borden, Corey DuFresne, Kevin Smith, Karen Abrams and Elizabeth Akehurst-Moore.

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