Incorporation and IPO
Brocade was incorporated on May 14, 1999, in Delaware. On May 25, 1999, the company went public at a split-adjusted price of $4.75. On Initial Public Offering (IPO) 3,250,000 shares were offered with an additional 487,500 shares offered to the underwriters to cover over-allotments. The top 3 underwriters, based on number of shares, for Brocade's IPO were, in order, Morgan Stanley Dean Witter, BT Alex.Brown, & Dain Rauscher Wessels.
Brocade stock is traded in the National Market System of the NASDAQ GS stock market, under the ticker symbol BRCD.
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