Allegro MicroSystems, Inc. (ALGM) Prices 25M Share IPO at $14/Sh

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Go back to Allegro MicroSystems, Inc. (ALGM) Prices 25M Share IPO at $14/Sh

Allegro MicroSystems (ALGM) IPO Opens 39% Higher

October 29, 2020 11:45 AM EDT

Today's IPO for Allegro MicroSystems, Inc. (NASDAQ: ALGM) opened for trading at $19.40 after pricing 25,000,000 shares of its common stock at a price to the public of $14.00 per share.

Certain stockholders of Allegro have granted the underwriters a 30-day option to purchase up to 3,750,000... More