Intermolecular (IMI) IPO Prices at $10, Below Expected Range
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Intermolecular, Inc. (Nasdaq: IMI) priced its 9,650,000 share IPO at $10 per share, which was well below the expected $12-$14 range. The offering size was cut from 10,000,000. Shares will open on the NASDAQ Friday under the symbol "IMI" at approximately 10:40AM ET.
Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Barclays Capital Inc. are acting joint book-running managers for the offering.
42,256,487 shares are expected to be outstanding after this offering, or 43,665,815 shares if the underwriters exercise their over-allotment option in full.
Intermolecular has pioneered a proprietary approach to accelerate research and development, innovation, and time-to-market for the semiconductor and clean-energy industries.
Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Barclays Capital Inc. are acting joint book-running managers for the offering.
42,256,487 shares are expected to be outstanding after this offering, or 43,665,815 shares if the underwriters exercise their over-allotment option in full.
Intermolecular has pioneered a proprietary approach to accelerate research and development, innovation, and time-to-market for the semiconductor and clean-energy industries.
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