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TTM Technologies, Inc. Commences Initial Public Offering of Common Stock
Of the 7,500,000 shares of common stock being offered, 5,625,000 shares are being sold by TTM and 1,875,000 shares are being sold by selling shareholders. The shares are being offered through underwriters led by Robertson Stephens, Inc., Chase H&Q, Donaldson, Lufkin & Jenrette and First Union Securities, Inc. In addition, the underwriters will have a 30-day option to purchase up to 1,125,000 additional shares of common stock.
TTM Technologies provides time-critical, one-stop manufacturing services for highly complex printed circuit boards. The company's printed circuit boards serve as the foundation of electronic products such as routers, switches, servers, computer memory modules and communications infrastructure equipment. TTM's customers include manufacturers of these electronic products, commonly referred to as original equipment manufacturers, and their suppliers, commonly referred to as electronic manufacturing services companies. The company's customers serve such rapidly growing segments of the electronics industry as networking, high-end computing, including servers, and computer peripherals. The company's name, TTM, stands for ``time-to-market'' because its services enable its customers to shorten the time required to develop new products and introduce them to market.
This press release shall not constitute an offer to sell or a 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 such state or jurisdiction.
A copy of the final prospectus may be obtained from the office of Robertson Stephens, 555 California Street, Suite 2600, San Francisco, CA 94104; Chase H&Q, One Bush Street, San Francisco, CA, 94104; Donaldson, Lufkin & Jenrette, 277 Park Avenue, New York, NY 10172; or First Union Securities, Inc., 7 Saint Paul Street, Baltimore, MD 21202.