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Semiconductor industry

Oak Technology Inc. Files for Initial Public Offering

Strategic Insights

— 1 min read

Oak Technology Inc., a leading supplier of high-performance multimedia semiconductors and software, has filed a registration statement with the Securities and Exchange Commission for an initial public offering of 4,000,000 shares of common stock. The shares will be offered by the company and its selling stockholders, with a proposed price range of $11.00 to $13.00 per share. The net proceeds from the offering will be used for general corporate purposes, including working capital. This IPO marks an important milestone for Oak Technology, which has established itself as the world's largest merchant supplier of CD-ROM controllers and has recently introduced several high-performance multimedia semiconductor products.

Key Takeaways:

  • Oak Technology Inc. has filed a registration statement for a proposed initial public offering of 4,000,000 shares of common stock.
  • The shares will be offered by the company and its selling stockholders, with 3,000,000 shares offered by the company and 1,000,000 shares offered by selling stockholders.
  • The proposed offering price is between $11.00 and $13.00 per share.
  • Oak Technology plans to use the net proceeds for general corporate purposes, including working capital.
  • The company offers high-performance multimedia semiconductors and software to rapidly growing segments of the personal computer, PC peripheral, and PC-based consumer electronics industries.
  • Oak Technology is the world's largest merchant supplier of CD-ROM controllers and has introduced additional high-performance multimedia semiconductor products, including an MPEG video decoder, a 64-bit video/graphics accelerator, and two 16-bit digital audio controllers.
  • Hambrecht & Quist Inc. and Needham & Company Inc. will co-manage the underwriting group for the IPO.

Statistics:

  • Total shares to be offered: 4,000,000
  • Number of shares to be offered by the Company: 3,000,000
  • Number of shares to be offered by selling stockholders: 1,000,000
  • Proposed offering price range: $11.00 to $13.00 per share
  • Net proceeds from the offering: will be used for general corporate purposes, including working capital.

Sources:

  • Business Wire (Jan. 24, 1995)
  • Securities and Exchange Commission (SEC) registration statement (exact text not provided, but referenced in the original document)
  • Oak Technology Inc. (represented by Sidney S. Faulkner)

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