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Rubicon Technology Inc of Franklin Park, IL, USA, which manufactures sapphire substrates and products for the LED, RFIC, semiconductor and optical window applications, has announced the pricing of a public offering of 3,950,000 shares of its common stock at $24 per share (to raise $94.8m). To cover any over-allotments, the underwriters have an option to purchase up to an extra 592,500 shares ($14m).

The latest offering follows Rubicon’s initial public offering of 6,700,000 shares on NASDAQ last November, when the firm’s stock opened at $14 per share, raising $93.8m ($77m for the firm, plus $16.8m for early-stage investors).

Founded in 2000, Rubicon’s revenues grew 2% in 2005, 27% in 2006 and 64% in 2007 (to $34.1m) , when the firm made its first annual profit. First-quarter 2008 revenue was $10.5m (up 10% on Q4/2007).

A copy of the final prospectus can be obtained by contacting UBS Investment Bank, New York, NY, USA.

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Visit: www.rubicon-es2.com