Intel Capital-backed internet technology services company Synacor floated on Friday at $5.00 per share, slashing its initial range of $10-$12 per share, set last month.
Internet services company Synacor raised about $34m from its initial public offering (IPO) when it floated on Friday. The US-based firm cut the range of its IPO from $10-$12 per share to $5-$6 per share on Thursday, before pricing the 6.82 million shares at $5.00.
Intel divested 104,000 shares in the offering, retaining just under 2 million shares, while additional shareholders include Walden International, North Atlantic Capital, Advantage Capital Partners, Crystal Internet Ventures, Rand Capital and Access Technology Capital,…
