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Rubicon Sets IPO Terms

Rubicon Technology Inc., a Franklin Park, Ill.-based maker of monocrystalline sapphire and other crystalline products, has set its IPO terms to 6.7 million common shares being offered at between $12 and $14 per share. It would have an initial market cap of $269 million, were it to price at the high end of its range. 

 

Rubicon plans to trade on the Nasdaq under ticker symbol RBCN, with UBS serving as lead underwriter. It has raised nearly $44 million in VC funding since 2001, from firms like Cross Atlantic Capital Partners, Gazelle TechVentures, KB Partners and River Cities Capital Funds. www.rubitech.net