Opnext Prices at High End

Opnext Inc., an Eatontown, N.J.-based optical components maker, priced around 16.91 million common shares at $15 per share ($13-$15 range), for an IPO take of approximately $254 million. It will trade on the Nasdaq under ticker symbol OPXT, while Goldman Sachs served as lead underwriter. < ?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Hitachi was listed as the company’s primary shareholder, while others include Clarity Partners and Cross-Atlantic Capital Partners. The IPO gives Opnext an initial market cap of around $930 million. www.opnext.com