- News
28 May 2015
NeoPhotonics closes follow-on offering of common stock
NeoPhotonics Corp of San Jose, CA, a vertically integrated designer and manufacturer of hybrid photonic integrated circuit (PIC)-based modules and subsystems for high-speed communications networks, has closed its follow-on offering of 5,971,034 shares of common stock in a registered public offering at $7.25 per share.
In addition, the firm has granted the underwriters a 30-day option to purchase up to 895,655 additional shares to cover over-allotments.
Needham & Company LLC acted as sole book-running manager, while Craig-Hallum Capital Group LLC and B. Riley & Co. acted as co-managers.
A registration statement relating to the securities was filed with, and declared effective by, the US Securities and Exchange Commission (SEC).
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