SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Return to Sender who wrote (10124)6/14/2003 3:37:15 PM
From: Return to Sender  Read Replies (1) | Respond to of 95525
 
FormFactor rises 30 percent in IPO debut
Thursday June 12, 1:12 pm ET

biz.yahoo.com

(Repeats to add FormFactor ticker symbol)
NEW YORK, June 12 (Reuters) - Shares of FormFactor Inc. (Nasdaq:FORM - News), a maker of semiconductor testing tools, rose more than 30 percent on Thursday as trading began after an $84 million initial public offering.


Shares of FormFactor rose $4.29, or 30.6 percent, to $18.29 on the Nasdaq stock market in midday trading.

On Wednesday after the close, FormFactor and selling shareholders sold 6 million shares at $14 each, above the expected range of $11 to $13 a share. The Livermore, California-based company sold 5.6 million of the shares, while selling shareholders sold almost 400,000 shares.

FormFactor designs and manufactures semiconductor wafer probe cards that permit advanced tests to speed the semiconductor manufacturing process, according to its IPO filing with the SEC. The company's backers include Intel Corp.(NasdaqNM:INTC - News), the world's largest semiconductor manufacturer.