March Networks Corp., Ottawa, Ontario, has closed an initial public offering and secondary offering of 5,736,850 March Networks common shares at a price of $12.00 CDN per share.
March Networks and Wesley Clover Corp., one of the selling shareholders, granted to the underwriters an over-allotment option which has expired by which underwriters could purchase up to an additional 860,527 common shares at a price of $12.00 CDN per share.