1 minute read | March.20.2024
Orrick represented TD Cowen and Stifel as joint book-running managers and representatives of several underwriters in a recent $125 million public offering for Ichor Holdings, Ltd.
Ichor said it priced an underwritten public offering of 3.3 million ordinary shares at $37.50 a share. The company also granted the underwriters a 30-day option to purchase up to an additional 500,000 ordinary shares at the public offering price, less underwriting commissions.
TD Cowen is a leading full-service investment bank with global and M&A advisory, capital markets, equity execution and industry-leading research capabilities and broad expertise in key growth sectors.
Stifel is one of the nation’s premier full-service financial services firms, providing brokerage, trading, investment banking, investment advisory, and related services to individual investors, professional money managers, businesses, and municipalities through more than 400 locations across the U.S.
Ichor Holdings is a leader in the design, engineering, and manufacturing of critical fluid delivery subsystems and components primarily for semiconductor capital equipment as well as other industries such as defense/aerospace and medical.
Ichor Holdings said it intends to use net proceeds from the offering to repay outstanding indebtedness and for general corporate purposes, which may include capital expenditures, potential acquisitions, growth opportunities and strategic transactions, among other things.
Orrick’s Albert Vanderlaan and Jamie Evans led the team that represented TD Cowen and Stifel. The team also included Lynne Hirata, Kelly Mink, Michelle Lee, Bailey Higgs and Peter Elias.