(IPO), raising approximately $20 million. The company opened on NASDAQ at a price of $4.50 per share. Following the IPO, the three founders of ViaSat retained a 28% ownership stake, while venture capital backers held 20%.

In 1999, ViaSat relocated its headquarters to Carlsbad, California. Viasat launched a spin-off company, TrellisWare Technology, in 2000. The self-funded company focuses on developing communications and signal processing systems.

The acquisition of the satellite networking business

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