Coherent Communications went public through a Safeguard Scientifics rights offering at an initial price of $5 per share, valuing Safeguard’s ownership at approximately $15 million. By the end of February of 1995, the stock was trading at $20 per share, valuing Safeguard’s holding at approximately $60 million.

The company, which had been a part of the Safeguard family since 1991, was renowned for establishing a new standard of voice quality excellence in the market.

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