Applied Optoelectronics Sets 3.6 Mln Shares IPO Pricing At $10/Shr - Quick Facts

(RTTNews) - Applied Optoelectronics, Inc. (AAOI), a provider of fiber-optic access network products, has priced its initial public offering of 3.6 million shares at $10.00 per share before underwriting discounts. Further, the underwriters were granted a 30-day option to buy up to an additional 540,000 common shares to cover over-allotments, if any.

According to Applied Optoelectronics, it would not receive any proceeds from the sale of shares by the selling stockholders. The shares are likely to commence trading on the NASDAQ Global Market exchange on September 26, 2013 under the symbol "AAOI".

Raymond James and Piper Jaffray & Co. are acting as lead joint book-running managers for the offering. Cowen and Company and Roth Capital Partners are acting as co-managers for the offering.