Tags: US | NeoPhotonics | IPO

Neophotonics Files for $115 Million Initial Offering

Friday, 16 Apr 2010 11:06 AM

 

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NeoPhotonics Corp., which makes components for optical telecommunications networks, has filed for an initial public offering worth up to $115 million.

The San Jose, Calif., company did not disclose how many shares would be offered or a price range for shares in its regulatory filing late Thursday. It did not say when it expected to begin publicly trading.

NeoPhotonics conducts research and development and makes silicon wafers in San Jose, and has a factory in Shenzhen, China. Customers include Cisco Systems Inc. and Alcatel-Lucent SA, it said. Its investors include venture capital firms Oak Investment Partners and Draper Fisher Jurvetson.

In 2009, the company lost $7.1 million, down from a loss of $28.5 million in 2008. Revenue rose to $155.1 million from $134 million.

Underwriters are led by JPMorgan Securities and Deutsche Bank Securities.

NeoPhotonics intends to apply for listing on the New York Stock Exchange under the symbol "NPTN."

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 This material may not be published, broadcast, rewritten or redistributed.

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