Applied Optoelectronics, a fiber-optic networking products provider for cable television, fiber-to-the-home and internet data center end markets, announced terms for its IPO on Wednesday. The Sugar Land, TX-based company plans to raise $50 million by offering 3.6 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Applied Optoelectronics would command a fully diluted market value of $182 million.
Applied Optoelectronics, which was founded in 1997 and booked $69 million in sales for the 12 months ended June 30, 2013, plans to list on the NASDAQ under the symbol AAOI. Applied Optoelectronics initially filed confidentially on April 4, 2013. Raymond James and Piper Jaffray are the joint bookrunners on the deal.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
