Product category:
Intellectual Property Cores
News Release from: MoSys
Edited by the Electronicstalk Editorial
Team on 03 July 2001
Mosys goes public to raise over $51
million
Monolithic System Technology (MoSys) has announced the initial public offering of 5,000,000 shares of its common stock at a price of $10.00 per share.
Monolithic System Technology (MoSys) has announced the initial public offering of 5,000,000 shares of its common stock at a price of $10.00 per share All 5,000,000 shares are being offered and sold by MoSys
The offering is being co-managed by an underwriting group including AG Edwards and Sons and Needham and Company.
Mosys has granted the underwriters a 30-day option to purchase up to 750,000 additional shares to cover over-allotments, if any.
If the underwriters exercise their over-allotment option in full, MoSys will receive approximately $51,975,000 in net proceeds.
The company's common stock will be trading on the NASDAQ under the ticker symbol MOSY.
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