SAN JOSE, Calif. & SINGAPORE--(BUSINESS WIRE)--Aug. 18, 2009--
Avago Technologies Limited (Nasdaq:AVGO) today announced that it has
closed its previously announced initial public offering of 43,200,000
ordinary shares at a price to the public of $15.00 per share and that
the underwriters have purchased an additional 6,480,000 ordinary shares
from selling shareholders pursuant to the full exercise of the
underwriters’ over-allotment option. Of the 49,680,000 ordinary shares
sold, 21,500,000 ordinary shares were sold by Avago and 28,180,000
ordinary shares were sold by selling shareholders. Avago did not receive
any additional proceeds from the exercise of the underwriters’
over-allotment option, other than the proceeds from the exercise of
options held by certain selling shareholders, which are not material.
Joint book-running managers on the offering were Deutsche Bank
Securities Inc., Barclays Capital Inc., Morgan Stanley & Co.
Incorporated and Citi. The co-managers of the offering were Credit
Suisse Securities (USA) LLC, Goldman, Sachs & Co., J.P. Morgan
Securities Inc., UBS Securities LLC and KKR Capital Markets LLC. ABN
AMRO Incorporated and FTN Equity Capital Markets Corp. also acted as
underwriters in the offering.
A copy of the final prospectus relating to this offering may be obtained
from Deutsche Bank Securities Inc., Attention: Prospectus Department,
100 Plaza One, Jersey City, New Jersey 07311, Telephone: (800) 503-4611;
Barclays Capital Inc., c/o Broadridge, Integrated Distribution Services,
1155 Long Island Ave., Edgewood, NY, 11717, Telephone (888) 603-5847 or
by e-mail at barclaysprospectus@broadridge.com;
Morgan Stanley & Co. Incorporated, Attention: Prospectus Department, 180
Varick Street, New York, NY 10014, or by e-mail: prospectus@morganstanley.com;
or Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn,
NY 11220, Telephone: (800) 831-9146.
A registration statement relating to this offering was filed with, and
declared effective by, the Securities and Exchange Commission on August
5, 2009. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Avago Technologies Limited
Avago Technologies Limited is a leading designer, developer and global
supplier of analog semiconductor devices for communications, industrial
and consumer applications.
Source: Avago Technologies Limited
Summit IR Group
Jim Fanucchi, 408-404-5400
Investor.relations@avagotech.com