Lucent's Agere Systems Unit Files for IPO - TheStreet

Lucent's

(LU)

Agere Systems

unit filed a registration statement with the

Securities and Exchange Commission

for an initial public offering of up to $100 million of common stock.

Agere Systems develops optoelectronic components for communications networks and integrated circuits for use in communications and computer equipment.

Agere, which is based in Allentown, Pa., expects to complete the IPO by the end of March.

Morgan Stanley Dean Witter

will be the lead underwriter.

Shares of telecom equipment maker Lucent were recently trading up 31 cents, or 2%, to $15.75 in

New York Stock Exchange

composite trading.