Elantec Semiconductor Inc. announces initial public offering of 2,100,000 shares of common stock.MILPITAS, Calif.--(BUSINESS WIRE)--Oct. 11, 1995--Elantec Semiconductor Inc. today announced its initial public offering of 2,100,000 shares of common stock at a price of $7 per share. Of the total, 1,400,000 shares were sold by the company and 700,000 shares were sold by existing stockholders. The company has approximately 8,258,321 shares outstanding after the offering. The common stock is traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market under the symbol "ELNT." The offering was managed by Cowen & Company and Hambrecht & Quist. The company plans to use the proceeds of the offering for capital expenditures and other corporate purposes, including working capital. Elantec designs, manufactures and markets high performance analog integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. primarily for the video/multimedia, data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a , instrumentation and communications markets. The company targets high growth commercial markets in which advances in digital integrated circuit technology are driving increasing demand for high speed, high performance and low power consumption analog circuits. Copies of the prospectus relating to the offering may be obtained from Cowen & Company, Financial Square, 28th Floor, 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 , NY, 10005-3597 or from Hambrecht & Quist LCC (Leadless Chip Carrier, Leaded Chip Carrier) See leadless chip carrier, CLCC and PLCC. 1. LCC - Language for Conversational Computing. Written at CMU in the 1960's. , One Bush St., San Francisco, Calif. 94104. CONTACT: Elantec Semiconductor Inc., Milpitas David O'Brien, 408/945-1323 |
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