Friday, June 25, 2010

Fabrinet Prices IPO

Milpitas-based Fabrinet, a manufacturer of optical, electro-mechanical and other products for the OEM market, said this morning that it has priced its IPO at $10.00. The firm is set to list on the New York Stock Exchange as "FN". The firm had initially estimated its pricing range at between $12.00 to $14.00 per share. The firm's IPO is being underwritten by Morgan Stanley, Deutsche Bank Securities, RBS, Thomas Weisel Partners, and Cowen and Company. Fabrinet has been in IPO registration since 2007. Fabrinet's major backers are Asia Pacific Growth Fund, JDS Uniphase, and Shea Ventures.