Allegro Microsystems, Inc.

Allegro Microsystems, Inc. (ALGM) priced its initial public offering on Oct 30, 2020 at $14.00 per share, raising $350M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $2.65B. Barclays was lead-left underwriter, joined by Credit Suisse, Wells Fargo and Jefferies and others. Latham & Watkins advised the company and Davis Polk advised the underwriters.

Allegro MicroSystems, Inc. designs, develops and markets sensor ICs and application-specific analog power ICs through a fabless manufacturing model, for the automotive and industrial markets. Its products include magnetic sensor ICs, motor driver, power management and LED driver ICs, and a recently acquired photonics portfolio.

Status

IPO

Ticker

ALGM

Exchange

Nasdaq Global Select

Priced

Oct 30, 2020

IPO price

$14.00

Raised

$350M

Market cap at IPO price

$2.65B

First filed

Aug 8, 2007

Underwriters

Barclays, Credit Suisse, Wells Fargo, Jefferies, Mizuho, Needham and SMBC Nikko

Company counsel

Latham & Watkins

Underwriters' counsel

Davis Polk

Sector

Technology

Country / state

NH

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.