Tags: US | Alpha | and | Omega | IPO | Mover

Alpha and Omega Shares Fall in IPO Debut

Thursday, 29 Apr 2010 10:51 AM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink

Shares of Alpha and Omega Semiconductor Ltd. are falling in their market debut after the chip maker raised $91.5 million in its initial public offering.

The Sunnyvale, Calif., company priced 5.1 million shares at $18 Wednesday night, within the expected range of $17 to $19.

Alpha and Omega Semiconductor makes chips that help improve power efficiency for notebooks, smartphones, flat panel TVs and other consumer electronics.

The shares, trading on the Nasdaq Global Market under the symbol "AOSL," are down 55 cents, or 3 percent, to $17.56 in morning trading, even as broader markets gain. The Nasdaq is up 0.8 percent.

Disappointing performances from IPOs last week are weighing on the market.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Few 2016 Presidential Hopefuls Speaking Out on Ferguson

Thursday, 27 Nov 2014 08:11 AM

With the exception of GOP Sen. Rand Paul, potential 2016 presidential candidates have mostly shied away from commenting  . . .

Senate Dems Ever More at Odds With Obama, WH Policies

Thursday, 27 Nov 2014 07:47 AM

Criticism of President Obama's signature healthcare law by a top Senate Democrat this week laid bare post-election tensi . . .

Ex-Cop: 'If Someone Grabs My Weapon, That Changes Everything'

Thursday, 27 Nov 2014 07:44 AM

Law enforcement experts say Officer Darren Wilson largely followed police protocol when he used all necessary force to p . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved