Applied Optoelectronics sets pricing for IPO

Applied Optoelectronics said Thursday that it has priced its IPO of 3.6 million shares at $10 per share for a total value of $36 million. The stock is expected to trade on the NASDAQ on September 26, 2013 under the ticker symbol AAOI. Raymond James and Piper Jaffray & Co. are underwriting the IPO with Cowen and Company and Roth Capital Partners serving as co-managers. The company’s shareholders include Technology Associates Management. Based in Sugar Land, Texas, Applied Optoelectronics is a provider of fiber‑optic networking products.

PRESS RELEASE

SUGAR LAND, Texas, Sep 26, 2013 (GLOBE NEWSWIRE via COMTEX) — Applied Optoelectronics, Inc. AAOI -1.50% , a leading provider of fiber-optic access network products for the cable broadband, internet data center, and fiber-to-the-home markets, today announced the pricing of its initial public offering of 3.6 million shares of its common stock at a price to the public of $10.00 per share before underwriting discounts. In addition, certain existing stockholders of Applied Optoelectronics have granted the underwriters a 30-day option to purchase up to an additional 540,000 shares of common stock to cover over-allotments, if any. Applied Optoelectronics will not receive any proceeds from the sale of shares by the selling stockholders. The shares are expected to begin trading on the NASDAQ Global Market exchange on September 26, 2013 under the symbol “AAOI”.
Raymond James and Piper Jaffray & Co. are acting as lead joint book-running managers for the offering. Cowen and Company and Roth Capital Partners are acting as co-managers for the offering.
The offering is being made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained from Raymond James, Attention: Prospectus Department, 880 Carillon Parkway, St. Petersburg, Florida 33716, telephone: 1-800-248-8863, or e-mail: prospectus@raymondjames.com; and from Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, telephone: 800-747-3924, or e-mail: prospectus@pjc.com.