Allegro MicroSystems, Inc. (“Allegro”) has announced the pricing of a public offering of 17,500,000 shares of common stock to be sold by certain selling stockholders of Allegro at a public offering price of $30.30 per share.
Also, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2,625,000 shares of common stock.
The offering has closed on February 9, 2021, subject to the satisfaction of customary closing conditions.
The selling stockholders will receive all of the net proceeds from the offering and Allegro will not receive any proceeds.
Barclays, Credit Suisse, and Wells Fargo Securities are serving as joint lead book-running managers for the offering.
A registration statement relating to the offering has been filed with the Securities and Exchange Commission and was declared effective on February 4, 2021.
The offering is being made only through a prospectus. A copy of the final prospectus relating to this offering, when available, may be obtained from Barclays Capital Inc.
This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of any such state or jurisdiction.