Rubicon Technology IPO raises $93.8 million
NEW YORK, Nov 15 (Reuters) - Rubicon Technology raised $93.8 million on Thursday with an initial public offering that priced at the high end of expectations.
The 6.7 million share offering sold for $14 per share, compared with a $12 to $14 forecast range, according to an underwriter.
Underwriters, led by UBS, have the option to purchase an additional 1 million shares to cover overallotments.
The company plans to list its shares on Nasdaq under the symbol "RBCN." (RBCN.O: Quote, Profile, Research, Stock Buzz) (Reporting by Ritsuko Ando and Lilla Zuill; Editing by Gary Hill)
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