Optium Raises $91m

Optium Corp., a Chalfont, Pa.-based maker of optical subsystems for use in telecom network systems, priced 5.2 million common shares at $17.50 per share ($13.50-$15.50 range), for an IPO take of approximately $91 million. It will trade on the Nasdaq under ticker symbol OPPTM, while Credit Suisse and Morgan Stanley served as co-lead underwriters. Optium had raised nearly $65 million in VC funding from firms like Battery Ventures, KPLJ Ventures, TL Ventures, TPG Ventures and Corning Innovation Ventures. www.optium.com