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Business | October 26, 2020
Allegro MicroSystems sets terms for $325 IPO
Allegro MicroSystems, a fabless chip company focusing on sensing and power technology, has commenced a proposed initial public offering of its common stock.
The Manchester, NH-based company is offering 25,000,000 shares of its common stock to the public for between $12.00 and $14.00 per share. Allegro is planning to raise USD 325 million.
Allegro has design and applications centers located across the Americas, Europe, Asia and Japan. It focuses on the design and development of sensor ICs, application-specific analog power ICs and photonics components.
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