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

Alpha and Omega Shares Fall in IPO Debut

Thursday, 29 Apr 2010 10:51 AM

 

Share:
  Comment  |
   Contact Us  |
  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 This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  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

NYC Health Official: Ebola System Worked

Friday, 24 Oct 2014 12:11 PM

New York City's health system worked when presented with the city's first patient to be diagnosed with Ebola, Dr. Mary T . . .

Tevi Troy: NYC Mayor Wrong That Ebola 'Difficult' to Contract

Friday, 24 Oct 2014 11:30 AM

Former Deputy Secretary for the U.S. Department of Health and Human Services Tevi Troy said on Newsmax TV's “America’s F . . .

78 Health Workers Who Treated Ebola Patient Put on No-Fly List

Friday, 24 Oct 2014 11:12 AM

Nearly 80 healthcare workers who treated Ebola patient Thomas Duncan have been sent letters informing them that they hav . . .

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