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Scopus Video Networks has announced its initial public offering of 4,500,000 of its ordinary shares for $7 per share. All ordinary shares will be offered by the company.

Underwriters were granted a 30-day option to purchase up to 675,000 additional ordinary shares to cover over-allotments, if any. The shares will be traded on the Nasdaq under the symbol SCOP.

Israeli-based Scopus provides IP-based digital video networking platforms for video delivery over broadcast and broadband IP-based networks.