Electronic materials provider Rubicon Technology raises $61.5 million with stock sale
By APMonday, June 21, 2010
Rubicon Technology raises $61.5M with stock sale
FRANKLIN PARK, Ill. — Electronic materials provider Rubicon Technology Inc. said Monday that its latest stock offering raised about $61.5 million after expenses.
The company sold about 2.2 million shares to the public at $30 each. Selling stockholders offered another 834,000 shares, raising $23.7 million.
Rubicon’s stock closed down $1.09, or 3.3 percent, at $31.82. The stock hit a 52-week high of $34.02 earlier in the day.
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