$226 million IPO for Arista Networks

Shares of Arista Networks, Inc. rose 32% last Friday, hours after the maker of network switches for large data centers priced its IPO higher than expected.

The company is selling 5.25 million shares for $43 each – well above initial estimates of $36-40 – raising about $226 million at a valuation, prior to trading, at $2.75 billion.

Its stock began trading Friday morning under the symbol ANET on the New York Stock Exchange.

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$43 per share