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M/A-COM Technology prices upsized IPO at $19, high end of the range

March 14, 2012

M/A-COM Technology, an analog chip supplier to the networking, military and auto/industrial markets, raised $114 million by offering 6 million shares at $19, the high end of the $17-$19 range. The company had originally planned to sells 5.6 million shares, resulting in a total deal size 14% greater than originally planned. M/A-COM Technology plans to list on the NASDAQ under the symbol MTSI. Barclays Capital, J.P. Morgan, and Jefferies & Co. acted as lead managers on the deal.