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IPO - Friday, November 16, 2007

Rubicon Technology Crosses The IPO

rubicon tech.png
Franklin Park, Ill.-based Rubicon Technology, which sells monocrystalline sapphire and other crystalline products, raised $93.8M in its IPO. It shares priced at the high end of the range going out at $14 per share ($12-$14 range), for an initial market cap of $269M.

For last twelve months ending June 30, 2007, revenues were $27M and net income was a loss of $3M.

The company's products are used in light bulbs, semiconductors and lasers.

Rubicon trades on the Nasdaq as RBCN. Rubicon had raised nearly $44M in VC funding since 2001, from firms like Cross Atlantic Capital Partners, Gazelle TechVentures, KB Partners and River Cities Capital Funds.

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