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Voltaire Announces Pricing of IPO
Voltaire has announced the pricing of its initial public offering of 5,770,000 ordinary shares at $9.00 per share. Voltaire's ordinary shares will be listed on The Nasdaq Global Market under the symbol "VOLT" and will begin trading today. The closing of the offering is scheduled to take place on July 31, 2007. Voltaire expects to receive net proceeds from the offering, after deducting the underwriting discount and estimated offering expenses, of approximately US$46.0 million.
Voltaire has granted the underwriters a 30-day option to purchase up to an additional 865,462 ordinary shares from Voltaire to cover over-allotments, if any. J.P. Morgan Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint book-running managers for the offering and Thomas Weisel Partners LLC and RBC Capital Markets are acting as co-managers. The ordinary shares are being offered only by prospectus. Copies of the final prospectus relating to the offering may be obtained, when available, from JPMorgan, 4 Chase Metrotech Center, CS Level, Brooklyn, New York 11245, Attention: Prospectus Department or from Merrill Lynch, 4 World Financial Center, New York, New York 10080, Attention: Prospectus Department (4th Floor). A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy ordinary shares of Voltaire, 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 other jurisdiction.