Procom Nets $18 Million in IPO of 2 Million Shares
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IRVINE — Data storage device maker Procom Technology Inc. said Friday it completed its initial public offering, raising $18 million from the sale of 2 million shares of common stock for $9 per share. The stock is publicly traded on the Nasdaq National Market System under the symbol “PRCM.”
Founded in 1987, Procom employs more than 200 people and has offices in Germany, France and Canada. The offering was co-managed by Montgomery Securities and Dain Bosworth.
