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M/A-COM Technology (MTSI) IPO Prices at $19, High End of Range

March 15, 2012 9:11 AM EDT
M/A-COM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) priced its initial public offering of 6,000,000 shares of common stock at $19, the top end of its expected $17-$19 range. Shares are expected to begin trading at 10AM ET 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.

M/A-COM is a provider of high-performance analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave and millimeterwave spectrum.


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