Remember that whole 'going public' idea? Apparently, it's still on

Craig Matsumoto, Editor-in-Chief, Light Reading

January 19, 2011

1 Min Read
NeoPhotonics Sets IPO Terms

It's been nine months, so you'd be forgiven if you forgot that NeoPhotonics Corp. (NYSE: NPTN) had filed to go public. It's now looking like the IPO might actually happen.

The company's latest S-1 amendment, filed with the Securities and Exchange Commission (SEC) on Tuesday, is the first to cite details of the planned offering. Neophotonics plans to offer 7 million shares at $9 to $11 apiece.

Why this matters
Optical IPOs are rare, and while Inphi Corp. did well going public last year, it's got a franchise in PC memory-interface chips. NeoPhotonics will test investors' taste for a more purely optical company.

It's an exit that's been long in coming for NeoPhotonics (founded in 1996, changed its name in 2002, went through bankruptcy in 2003). An acquisition doesn't seem likely, given the company's size and diversity.

Interestingly, NeoPhotonics might finally (and suddenly) be getting profitable. For the first nine months of 2010, the company reported net income of $2.8 million on revenue of $132.9 million.

For more
Signs of financial life in the optical components world:

  • Finisar Goes on a Spree

  • The JDSU Question (Again)

  • Inphi Files for an IPO

  • Optical Exits

  • Optical Firm Preps Hong Kong IPO

  • NeoPhotonics Readies Its IPO



— Craig Matsumoto, West Coast Editor, Light Reading

About the Author(s)

Craig Matsumoto

Editor-in-Chief, Light Reading

Yes, THAT Craig Matsumoto – who used to be at Light Reading from 2002 until 2013 and then went away and did other stuff and now HE'S BACK! As Editor-in-Chief. Go Craig!!

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