- News
2 June 2015
NeoPhotonics closes stock offering with underwriters' over-allotment option exercised in full
NeoPhotonics Corp of San Jose, CA, USA (a vertically integrated designer and manufacturer of hybrid photonic integrated optoelectronic modules and subsystems for high-speed communications networks) says that, after closing its follow-on public offering of 5,971,034 shares of common stock (at $7.25 per share) on 27 May, the underwriters 30-day option to purchase up to 895,655 additional shares (to cover over-allotments, at $7.25 per share minus the underwriting discount) has now also been closed after the underwriters exercised their over-allotment option in full.
With this option exercised, NeoPhotonics' follow-on offering totals 6,866,689 shares.
NeoPhotonics prices follow-on offering of common stock
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