From Reuters newswire:
<<<WASHINGTON, Sept 1 (Reuters) - Ilx Lightwave Corp. on Friday filed with the Securities and Exchange Commission to raise as much as $115 million in an initial public offering.
The company, which makes optical test and measurement equipment to help optical component vendors increase unit production, did not say in a preliminary prospectus filed with the SEC how many shares it plans to offer or the price per share.
These details are expected in future filings.
Its products also help vendors improve manufacturing yields, speed up product development and reduce manufacturing costs, the company said.
Corning Inc. (NYSE:GLW - news), JDS Uniphase Corp. (NasdaqNM:JDSU - news) and Lucent Technologies Inc. (NYSE:LU - news) are among the company's 300 customers, it added.
The company plans to use the proceeds from the IPO to repay debt, working capital, and general corporate purposes, which include expanding manufacturing facilities and potential acquisitions.
The $115 million figure cited in the filing was done merely to calculate the SEC registration fee, the company said.
The Bozeman, Mont.-based company has applied to trade its shares on Nasdaq under the symbol ``ILXL'' (Nasdaq:ILXL - news), and the underwriters managing the IPO are Chase H&Q,, U.S. Bancorp Piper Jaffray and Wit Soundview.>>> |
