LOWELL, MA–M/A-COM Technology Solutions Holdings, Inc. ("M/A-COM Tech"), today announced the pricing of its initial public offering of 6,000,000 shares of common stock at $19.00 per share. A total of 5,556,000 shares are being offered by M/A-COM Tech and 444,000 shares are being offered by a selling stockholder. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 900,000 shares to cover over-allotments, if any. M/A-COM Tech will not receive any proceeds from the sale of shares by the selling stockholders. The shares will begin trading on Thursday, March 15, 2012 on The Nasdaq Global Select Market under the ticker symbol "MTSI".
Barclays Capital Inc., J.P. Morgan Securities LLC and Jefferies & Company, Inc. are acting as joint book-running managers. Needham & Company, LLC, Raymond James & Associates, Inc. and Stifel Nicolaus & Company, Incorporated are acting as co-managers for the offering.
The initial public offering is being made only by means of a prospectus. Copies of the prospectus related to the initial public offering may be obtained from Barclays Capital Inc. at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at firstname.lastname@example.org or by calling (888) 603-5847, or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling (866) 803-9204.
A registration statement relating to these securities has been filed with, and on March 14, 2012 was declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.