Israeli router maker

Breezecom

soared 82% in its debut, raising $100 million through 5 million shares at an initial price of $20.

The Tel Aviv-based company, with lead underwriter

CIBC Worldmarkets

, booted up the initial offering price above the expected range of $15-$17.

By midafternoon share were trading at 36 1/2, up 16 1/2.

The Israeli company develops and manufacturers wireless access products for high-speed data transmission used by Internet service providers and private enterprises.

Three companies --

Ingram Micro

(IM)

,

Tech Data

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(TECD) - Get Report

and

Upgrade Communications

-- together are responsible for almost a third of the company's sales.

Venture capital firm

Star Ventures

and its affiliated entities will own 21% of Breezecom after the IPO. Director Benny Hanigal will own 14%.

Other investors include several venture capital funds as well as

Clal Industries & Investments

,

Ampal-American Israel

(AIS)

and the

(CUEGX)

Warburg Pincus Emerging Growth Fund.