Allegro MicroSystems announced the pricing of a public offering of 17,500,000 shares of common stock to be sold by certain selling stockholders of Allegro at a public offering price of $30.30 per share. In addition, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2,625,000 shares of common stock. The offering is expected to close on or about February 9, 2021, subject to the satisfaction of customary closing conditions. The selling stockholders will receive all of the net proceeds from the offering and Allegro will not receive any proceeds.
Barclays, Credit Suisse, and Wells Fargo Securities are serving as joint lead book-running managers for the offering.
A registration statement relating to the offering has been filed with the Securities and Exchange Commission and was declared effective on February 4, 2021. The offering is being made only by means of a prospectus. A copy of the final prospectus relating to this offering, when available, may be obtained from Barclays Capital Inc., Attn: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 888-603-5847, or by email at [email protected]; Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, 6933 Louis 31 Stephens Drive, Morrisville, North Carolina 27560, Telephone: 1-800-221-1037, Email: [email protected]; Wells Fargo Securities, LLC, Attn: Equity Syndicate Department, 500 West 33rd Street, New York, NY 10001, by telephone at 800-326-5897 or by email at [email protected].
