Applied Optoelectronics Sets IPO Range

Sugar Land-based optical networking products developer Applied Optoelectronics has set the pricing range for its upcoming IPO, saying that it expects to offer up to 3,600,000 shares of its common stock at between $13.00 and $15.00 per share. The company, which makes fiber optic networking products for the cable television (CATV), fiber to the home (FTTH) and Internet data center markets, says it has been approved to trade on the NASDAQ Global Market as AAOI. The company's IPO is being underwritten by Raymond James, Piper Jaffray, Cowen and Company, and Roth Capital Partners.