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Allegro MicroSystems Priced, Nasdaq: ALGM

Fabless chip producer for auto and industrial markets being spun out of Sanken.

Industry: Technology

Latest Trade: $24.63 -0.22 (-0.9%)

First Day Return: +26.4%

Return from IPO: +77.5%

Industry: Technology

Allegro MicroSystems is a leading global designer, developer, fabless manufacturer and marketer of sensor ICs and application-specific analog power ICs enabling the most important emerging technologies in the automotive and industrial markets. We are a leading supplier of power ICs, and according to Omdia, we are the number one supplier of magnetic sensor ICs driven by our market leadership in the automotive market. Our products are foundational to automotive and industrial electronic systems. Our sensor ICs enable our customers to precisely measure motion, speed, position and current, while our power ICs include high-temperature and high-voltage capable motor driver, power management and LED driver ICs. Our recently acquired photonics portfolio provides eye-safe distance measurement and 3D imaging solutions. We believe that our technology expertise combined with our deep applications knowledge and strong customer relationships enable us to develop solutions that provide more value to customers than typical ICs. Compared to a typical IC, our solutions are more highly integrated, add intelligence and sophistication for complex applications and are easier for customers to use.
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IPO News for Allegro MicroSystems
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IPO Data
IPO File Date 10/06/2020
Offer Price $14.00
Price Range $12.00 - $14.00
Offer Shares (mm) 25.0
Deal Size ($mm) $350
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/28/2020
Offer Price $14.00
Price Range $12.00 - $14.00
Offer Shares (mm) 25.0
Deal Size ($mm) $350
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Manchester, NH
Founded 2013
Employees 3,720
Website www.allegromicro.com/en