TTM Technologies (TTMI) Prices 12M Share Common Stock Offering for Proceeds of ~$138M

November 17, 2016 7:37 AM EST

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TTM Technologies, Inc. (Nasdaq: TTMI) announced that it has priced an underwritten registered public secondary offering of 12,000,000 shares of its common stock by its largest stockholder, Su Sih (BVI) Ltd. (the “Selling Stockholder”), at $11.50 per share, pursuant to TTM’s shelf registration statement filed with the Securities and Exchange Commission. The Selling Stockholder will receive all of the proceeds from the offering. The underwriters have a 30-day option to purchase up to an additional 1,800,000 shares of common stock from the Selling Stockholder. The offering is expected to close on November 22, 2016. No shares of common stock are being sold by TTM in the offering.

J.P. Morgan Securities LLC acted as sole book-running manager in the offering. Needham & Company, LLC and Stifel, Nicolaus & Company, Incorporated acted as co-managers in the offering. The offering of these securities is being made by means of a prospectus supplement and the accompanying prospectus only, copies of which may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling toll-free 1-866-803-9204.

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