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SemiLEDs Announcing Pricing of IPO

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HSINCHU, Taiwan, Dec. 10, 2010 — SemiLEDs Corp. announced the pricing of its initial public offering (IPO) of 5.25 million shares of its common stock, at $17 per share. With all shares being sold by the company, it has granted the underwriters a 30-day option to purchase up to an additional 787,500 shares at the IPO price to cover overallotments, if any. The common stock is now available for trading on the NASDAQ Global Select Market. Net proceeds from the sale of the common stock are approximately $79 million. The total net proceeds will be approximately $91.4 million if the overallotment option is exercised in...Read full article

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    Published: December 2010
    acquisitionsAsia-PacificBusinesscapitalcapital expenditurescommercial lightingcommon stockConsumergeneral lightingindustrialindustrial lightinginitial public offeringinvestmentIPOLED chipLED chipsLED componentsLight Emitting DiodeLight SourcesNasdaqnet proceedsoverallotmentproduction capacity expansionresidential lightingSemiLEDsSemiLEDs CorporationSharesstreet lightsTaiwanLEDs

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