All of the shares are being sold by the company.
In addition Verigy has granted the underwriters an option to purchase 1.3 million additional shares to cover over-allotments.
Goldman Sachs acted as lead manager; Credit Suisse was co-lead manager, while SG Cowen and Thomas Weisel acted as co-managers.
Verigy, which makes advanced test systems for the semiconductor industry, was organized in Singapore this year, and is a wholly owned subsidiary if
Agilent Technologies Inc. (
A: chart).
After the offering, Verigy will have approximately 58.5 million ordinary shares outstanding, with Agilent owning approximately 85.5% of those shares.
The company’s shares closed at $15.49 on Friday, up 3.3% from the initial offering price.
Volcano Corporation (
VOLC: chart) priced the initial public offering of 6.8 million shares of common stock at a price of $8.00 per share on Thursday, below its expected range of $10 - $12.
In addition, the company has granted the underwriters an option to purchase up to one million additional shares at the initial public offering price to cover over-allotments.
Morgan Securities and Piper Jaffray were serving as lead managers for the offering, with Bear Stearns and Cowen & Co serving as co-managers.
Founded in 2000, Volcano Corporation develops, manufactures and commercializes a broad suite of intravascular ultrasound and functional measurement products that enhance the diagnosis and treatment of vascular and structural heart disease.
The company’s shares closed at $9.12 on Friday, up 14% from the initial offering price.
Synchronoss Technologies Inc. (
SNCR: chart) priced its initial public offering of 7.1 million shares of common stock at $8.00 per share on Thursday, below the expected range of $9 - $11 a share.
Underwriters Goldman Sachs and Deutsche Bank managed the deal.
Synchronoss was selling 6.5 million shares and selling stockholders were selling 533,947 shares.
In addition, underwriters have an option to purchase 1.06 million additional shares to cover over allotments.
Synchronoss Technologies is a leading software provider of order management solutions to the communications services marketplace. Users of its software include Cingular Wireless,
Vonage Holdings (
VG: chart) and
Cablevision Systems (
CVC: chart).
The company’s shares closed at $8.58 on Friday, up 7.3% from the initial offering price.
DECLINERS:
Golf equipment retailer
Golfsmith International Holdings Inc. (
GOLF: chart) priced an initial public offering worth $69 million on Wednesday.
The 6 million share offering, which represents about a 39% stake in the company, sold for $11.50 per share, below a $14 - $16 forecast range. All of the shares were offered by the company.