AG Associates announces initial public offering of 1,800,000 shares.SUNNYVALE, Calif.--(BUSINESS WIRE)--May 16, 1995--AG Associates Inc. announced today its initial public offering of 1,800,000 shares of common stock at a price of $11 per share. The company will have approximately 5,500,000 shares outstanding after the offering. The common stock will be traded on the Nasdaq National Market under the symbol "AGAI AGAI Associazione Guide Alpine Italiane AGAI Army General Administrative Instruction (UK) AGAI Antano Gustaicio Aviacijos Institutas (Lithuania) ." The lead managers of the underwriting are Oppenheimer & Co. Inc. and Needham & Company, Inc. The company plans to use the proceeds of the offering for debt repayment, capital expenditures and general corporate purposes including working capital. AG Associates designs, manufactures, markets and supports advanced single-wafer rapid thermal processing Rapid Thermal Processing (or RTP) refers to a semiconductor manufacturing process which heats silicon wafers to high temperatures (up to 1200 C or greater) on a timescale of several seconds or less. equipment used in manufacturing integrated circuits and, based on both unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. and revenue, is the leader in the market. The company's products, marketed under the Heatpulse name, have been widely adopted for use by most manufacturers of technologically advanced integrated circuits such as four megabit and larger DRAM chips, one megabit and larger SRAM See static RAM. SRAM - static random-access memory chips and 486 class and higher performance microprocessors. Copies of the prospectus may be obtained from Oppenheimer & Co. Inc., Oppenheimer Tower, World Financial Center, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , 10281 and Needham & Company Inc., 400 Park Avenue, New York, 10022. CONTACT: AG Associates Inc., Sunnyvale Susan Salvesen, 408/745-1790 |
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