FREMONT, Calif. - Ichor Holdings, Ltd. (NASDAQ: NASDAQ:ICHR), known for its specialized fluid delivery subsystems for semiconductor capital equipment, has set the price for its public offering of shares. The company announced that it will offer 3,333,334 ordinary shares at a price of $37.50 per share. Additionally, underwriters have been given a 30-day option to purchase up to 500,000 more shares at the public offering price, minus the underwriting discounts.
The proceeds from this offering, which is expected to close on March 18, 2024, pending customary closing conditions, are intended for the repayment of outstanding debt and for general corporate purposes. These may include capital expenditures, potential acquisitions, growth opportunities, and strategic transactions.
TD Cowen and Stifel are leading the offering as joint book-running managers, with B. Riley Securities, Needham & Company, Craig-Hallum, and D.A. Davidson & Co. serving as co-managers.
This offering is part of a shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (SEC) on August 9, 2023, and became effective immediately upon filing. Interested parties can access the preliminary prospectus supplement, filed with the SEC on March 12, 2024, and the accompanying base prospectus, to gather more details about the offering.
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