Alpha & Omega Files For $91 Million IPO

April 01, 2010 by Jeff Shepard

Various media outlets are reporting that Alpha & Omega Semiconductor Ltd. (AOS) has filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering (IPO) worth approximately $91 million.

Reportedly, AOS, which had 2009 revenue of $185.1 million, intends to use roughly $20 to $30 million of the proceeds to invest in its assembly and test facility.

The company informed the SEC in a preliminary prospectus that it is offering 3.4 million common shares, at an anticipated price of $16 to $20 apiece, while selling shareholders are offering 1.66 million common shares. Underwriters have the right to purchase up to 759,147 more shares to cover over-allotments.

The company, which applied to list its common shares on Nasdaq under the symbol "AOSL," said Deutsche Bank Securities, Piper Jaffray, Thomas Weisel Partners LLC and Caris & Co Inc. were underwriting the IPO.