Deutsche Bank, Barclays and Stifel, Nicolaus are bookrunners for deal
By Devika Patel
Knoxville, Tenn., Sept. 26 - Montage Technology Group Ltd. said it priced its $53.25 million initial public offering of stock. Selling stockholders also plan a $17.75 million secondary sale with a $10.65 million greenshoe.
The company will sell 5,325,000 ordinary shares at $10.00 per share. The stockholders will sell 1,775,000 shares.
Deutsche Bank Securities Inc., Barclays and Stifel, Nicolaus & Co., Inc. are the joint bookrunning managers.
Proceeds will be used for general corporate purposes, including working capital and capital expenditures.
The provider of analog and mixed-signal semiconductor solutions is based in Shanghai. It expects the shares to trade on the Nasdaq under the symbol "MONT."
| Issuer: | Montage Technology Group Ltd.
|
| Issue: | Ordinary stock
|
| Amount: | $53.25 million
|
| Shares: | 5,325,000
|
| Price: | $10.00
|
| Warrants: | No
|
| Bookrunners: | Deutsche Bank Securities Inc., Barclays, Stifel, Nicolaus & Co., Inc.
|
| Co-managers: | Wells Fargo Securities, LLC, Needham & Co., LLC
|
| Pricing date: | Sept. 26
|
| Stock listing: | Nasdaq: MONT
|
|
|
| Secondary sale
|
| Amount: | $17.75 million
|
| Greenshoe: | $10.65 million
|
| Shares: | 1,775,000
|
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