Broadband business Casa Systems up 11% following downsized IPO

 Casa Systems had a tough time pulling off its IPO this week. The broadband solutions company wanted to debut Thursday, but pushed its launch back to Friday, likely because of weak initial demand. Casa had planned to sell 8.4 million shares, but reduced it to 6 million following the investor roadshow. The IPO priced at $13 per share, but bounced up almost 11 percent, closing the day at $14.40. Read More

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