Applied Optoelectronics greenshoe lifts stock sale to $83.66 million

Raymond James and Piper Jaffray were lead joint bookrunning managers

By Devika Patel

Knoxville, Tenn., March 26 - Applied Optoelectronics, Inc. said the underwriters for its public offering of stock opted to exercise the deal's $10.91 million greenshoe in full, lifting total proceeds to $83.66 million. The deal was announced March 6 and priced for $72.75 million with the greenshoe on March 19.

The company sold 3.45 million common shares at $24.25 per share, a 7.9% discount to the $26.34 closing price on March 19. Of the shares, 1,575,235 were sold by the company and 1,424,765 by selling shareholders. The greenshoe consisted of 450,000 shares.

Raymond James and Piper Jaffray & Co. were the lead joint bookrunners.

Proceeds will be used for working capital and other general corporate purposes.

The provider of fiber-optic networking products is based in Sugar Land, Texas.

Issuer:	Applied Optoelectronics, Inc.
Issue:	Common stock
Amount:	$83,662,500, including $10,912,500 greenshoe
Shares:	3.45 million (1,575,235 by company, 1,424,765 by selling shareholders)
Price:	$24.25
Warrants:	No
Bookrunners:	Raymond James and Piper Jaffray & Co. (lead)
Co-managers:	Cowen and Co., Roth Capital Partners, Craig-Hallum Capital Group
Announcement date:	March 6
Pricing date:	March 19, after close
Settlement date:	March 26
Stock symbol:	Nasdaq: AAOI
Stock price:	$26.34 at close on March 19
Market capitalization:	$358.21 million

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