Saifun Semiconductors Ltd. Announces Exercise of Over-Allotment Option for 750,000 Ordinary Shares
2005年11月10日 - 11:26AM
PRニュース・ワイアー (英語)
NETANYA, Israel, Nov. 9 /PRNewswire-FirstCall/ -- Saifun
Semiconductors Ltd. (NASDAQ:SFUN) today announced that the
underwriters for its initial public offering have exercised their
over-allotment option to acquire an additional 750,000 ordinary
shares of the company at the initial public offering price of
US$23.50 per share. The additional net proceeds to Saifun
Semiconductors from the exercise of the over-allotment option will
be approximately US$16.2 million resulting in total net proceeds
from the offering of approximately US$121.0 million. The
over-allotment option is scheduled to close concurrently with the
initial public offering on November 15, 2005. In connection with
offering, Lehman Brothers acted as sole book-running manager,
Deutsche Bank Securities acted as co-lead manager and CIBC World
Markets, William Blair & Company and Raymond James acted as
co-managers. A registration statement relating to these securities
was filed and declared effective by the Securities and Exchange
Commission. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sales of these securities in any state or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities law of any such
state or other jurisdiction. About Saifun Semiconductors Ltd.
Saifun provides intellectual property solutions for the
non-volatile memory (NVM) market. The company licenses its Saifun
NROM(R) technology to semiconductor manufacturers who use this
technology to develop and manufacture a variety of stand-alone and
embedded NVM products. Safe Harbor Statement Information provided
in this press release may contain statements relating to current
expectations, estimates, forecasts and projections about future
events that are "forward-looking statements" as defined in the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements generally relate to the company's plans,
objectives and expectations for future operations and are based
upon management's current estimates and projections of future
results or trends. Actual future results may differ materially from
those projected as a result of certain risks and uncertainties. For
a discussion of such risks and uncertainties, see "Risk Factors" as
described in the Company's final prospectus filed on November 9,
2005 with the U.S. Securities and Exchange Commission in connection
with the company's initial public offering. These forward-looking
statements are made only as of the date hereof, and we undertake no
obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise.
Contact: Marsha Shalvi Investor Relations Saifun Semiconductors
Ltd. +972-9-892-8450 DATASOURCE: Saifun Semiconductors Ltd.
CONTACT: Marsha Shalvi, Investor Relations of Saifun Semiconductors
Ltd., +972-9-892-8450,
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