11 June 2010


Sapphire substrate maker Rubicon offers 1.8 million shares to fund expansion

Rubicon Technology Inc of Franklin Park, IL, USA, which makes monocrystalline sapphire substrates and products for the LED, RFIC, semiconductor and optical industries, has filed a registration statement with the US Securities and Exchange Commission (SEC) for an offering of 1,800,000 shares of its common stock. The firm intends to grant the underwriters a 30-day option to purchase up to an additional 270,000 shares to cover over-allotments, if any.

Rubicon expects to use net proceeds to expand its crystal growth and post-crystal-growth manufacturing facilities and for working capital and other general corporate purposes.

UBS Securities LLC is acting as sole book-running manager for the offering and Canaccord Genuity Inc is acting as a co-lead manager.

See related items:

Sapphire to exceed 50% of compound semiconductor substrate processed surface area from 2011

Sapphire substrate maker Rubicon aims to double capacity

Search: Rubicon Sapphire substrates