EATONTOWN, N.J. -- Opnext, Inc. (NASDAQ:OPXT) announced today the pricing of its initial public offering of 16,909,375 shares of its common stock at $15.00 per share (before underwriting discounts and commissions). Of those shares, the Company is selling 10,000,000 shares and selling stockholders are selling 6,909,375 shares. In addition, Opnext has granted the underwriters the right to purchase up to an additional 2,536,406 shares at the initial public offering price. The shares will be listed on the NASDAQ Global Market under the symbol "OPXT."

The offering was made through an underwriting syndicate led by Goldman, Sachs & Co., who is acting as sole bookrunner. In addition, J.P. Morgan Securities Inc., CIBC World Markets Corp., Cowen and Company, LLC and Jefferies & Company, Inc. are acting as co-managers.

Opnext Inc. (Nasdaq: OPXT)