Atomera, which sells thin film reengineered silicon to enhance CMOS-type transistors, raised the proposed deal size for its upcoming IPO on Friday.
The Los Gatos, CA-based company now plans to raise $24 million by offering 3.2 million shares at a price of $7.50. The company had previously filed to offer 2.4 million shares at the same price. At the proposed price, Atomera will raise 33% more in proceeds than previously anticipated.
Atomera was founded in 2001 and plans to list on the Nasdaq under the symbol ATMR. National Securities is the sole bookrunner on the deal.
