Allegro MicroSystems commences secondary offering of common stock

Nov. 01, 2021 7:10 AM ETAllegro MicroSystems, Inc. (ALGM)By: Meghavi Singh, SA News Editor
  • Allegro MicroSystems (NASDAQ:ALGM) has launched a secondary public offering of 7M common shares to be sold by by OEP SKNA, L.P., an affiliate of One Equity Partners.

  • Underwriters' overallotment is an additional 1.05M shares by selling stockholders.
  • The company will not receive any proceeds from such offering.
  • See company's ownership structure:
  • Barclays is acting as the sole underwriter for the proposed offering.
  • Shares are down 1.14% PM.

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