News Article
NeoPhotonics announces intention for listing on NSE
Firm hope to offer up to $115 million of common stock under name NPTN
California based NeoPhotonics, known as NanoGram before 2002, is a designer and manufacturer of photonic integrated circuit based modules and high-speed communications networks.
The company has announced its intention to apply for a listing on the New York Stock Exchange under the symbol “NPTN”. An initial public offering of up to $115 million worth of shares of its common stock is intended.
The net proceeds from the stock are anticipated to be utilized for further business expansion, working capital and general corporate purposes.
The book-running and underwriter representatives will be jointly managed by J.P. Morgan Securities Inc. and Deutsche Bank Securities Inc.
NeoPhotonics reported revenue of $155.06 million and net loss of $6.8 million for the year ended December 31, 2009.
The main stockholders will belong to funds affiliated with Oak Investment Partners, Draper Fisher Jurvetson, Concord Investments Co., ATA Ventures and International Finance Corp.
