Cavium Networks, Inc. Announces Pricing of Initial Public
Offering
MOUNTAIN VIEW, Calif., May 2, 2007 –
Cavium Networks, Inc. (NASDAQ: CAVM) today announced an initial
public offering of 6,750,000 shares of its common stock at
a price of $13.50 per share (before underwriting discounts
and commissions). Cavium Networks has granted the underwriters
a 30-day option to purchase up to 1,012,500 additional shares
of common stock at the initial public offering price, less
underwriting discounts and commissions, to cover over-allotments,
if any. Cavium Networks' common stock will be listed on the
NASDAQ Global Market under the symbol "CAVM" and
will begin trading Wednesday, May 2, 2007. All of the shares
in the offering are being offered by Cavium Networks.
Morgan Stanley & Co. Incorporated and
Lehman Brothers Inc. acted as joint book-running managers
for the offering, with Thomas Weisel Partners LLC, Needham
& Company, LLC and JMP Securities LLC serving as co-managers.
A copy of the final prospectus relating to the offering may
be obtained by contacting Morgan Stanley & Co. Incorporated,
180 Varick Street, Second Floor, New York, NY 10014, Attention:
Prospectus Department, by telephone at 1-866-718-1649 or by
e-mail at prospectus@morganstanley.com,
or by contacting Lehman Brothers Inc., c/o Broadridge, 1155
Long Island Avenue, Edgewood, NY 11786, by e-mail at Qiana.Smith@Broadridge.com
or by fax at 1-631-254-7268.
A registration statement relating to this offering was filed
with, and declared effective by, the Securities and Exchange
Commission. The offering is being made solely by means of
a prospectus. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities, in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities
laws of any such state or jurisdiction.
About Cavium Networks
Cavium Networks is a provider of highly integrated semiconductor
products that enable intelligent processing in networking,
communications and security applications. Cavium Networks
offers a broad portfolio of integrated, software compatible
processors ranging in performance from 10 Mbps to 10 Gbps
that enable secure, intelligent functionality in enterprise,
data-center, broadband & consumer and access & service
provider equipment. Cavium Networks processors are supported
by ecosystem partners that provide operating systems, tool
support, reference designs and other services. Cavium Networks
principal offices are in Mountain View, CA with design team
locations in California, Massachusetts and India. For more
information, please visit: http://www.caviumnetworks.com
For additional information, contact:
Media Contact:
Deborah Stapleton
Stapleton Communications Inc.
Telephone: (650) 470-4200
Email: deb@stapleton.com
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OCTEON™ and NITROX™ are trademarks of Cavium Networks,
Inc . All other trademarks are the property of their respective
owners. All rights reserved. © Cavium Networks, Inc. 2009.
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