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Date Announced: 21 Jun 2010
FRANKLIN PARK, Ill., Jun 21, 2010 (BUSINESS WIRE) -- Rubicon Technology, Inc. (Nasdaq: RBCN) (the "Company") today announced the closing of its previously announced public offering of 3,029,100 shares of its common stock at a price to the public of $30.00 per share. 2,195,100 shares of common stock were sold by the Company, including 395,100 shares pursuant to the full exercise of the underwriters' over-allotment option, and 834,000 shares of common stock were sold by the selling stockholders identified in the prospectus supplement.
Total proceeds of the offering, net of estimated offering expenses and underwriting discounts and commissions, were approximately $85.2 million, with proceeds to the Company, net of estimated offering expenses and underwriting discounts and commissions, of approximately $61.5 million, and proceeds to the selling stockholders, net of underwriting discounts and commissions, of approximately $23.7 million. The Company expects to use most of its proceeds from the offering to expand its crystal growth and post crystal growth manufacturing facilities.
UBS Securities LLC acted as sole book-running manager for the offering and Canaccord Genuity Inc. acted as a co-lead manager for the offering.
E-mail: pr@rubicon-es2.com
Web Site: www.rubicon-es2.com/index.html
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