News Article
M/A-COM Tech offers initial public share offering of $19
5,556,000 shares are being offered by M/A-COM Tech and the remaining shares are being offered by a stockholder
M/A-COM Technology Solutions has announced the pricing of its initial public offering of 6 million shares of common stock at $19.00 per share.
A total of 5,556,000 shares are being offered by M/A-COM Tech and 444,000 shares are being offered by a selling stockholder.
In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 900,000 shares to cover over-allotments, if any. M/A-COM Tech will not receive any proceeds from the sale of shares by the selling stockholders. The shares began trading on Thursday, March 15, 2012 on The NASDAQ Global Select Market under the ticker symbol "MTSI".
Barclays Capital Inc., J.P. Morgan Securities LLC and Jefferies & Company, Inc. are acting as joint book-running managers. Needham & Company, LLC, Raymond James & Associates, Inc. and Stifel Nicolaus & Company, Incorporated are acting as co-managers for the offering.
