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19 November 2007


Rubicon announces pricing of IPO to raise over $100m

Rubicon Technology Inc of Franklin Park, IL, USA, a vertically integrated manufacturer of sapphire material, wafers, and components for substrates and optical windows, has priced its initial public offering of 6,700,000 shares of common stock at a price of $14 per share (to raise $93.8m).

Of those shares, Rubicon will sell 5,500,000 shares and selling stockholders will sell 1,200,000 shares. Rubicon has granted underwriters an option to purchase up to an additional 1,005,000 shares to cover over-allotments (to raise a further $14m). The stock will be listed on the NASDAQ Global Market under the trading symbol ‘RBCN’.

A copy of the final prospectus can be obtained by contacting UBS Investment Bank.

See related items:

TDI demos prototype nonpolar GaN substrates

Rubicon files for $100m IPO

LED market drives Rubicon to expand sapphire substrate capacity

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