Metalink announced today the sale of an additional 600,000 ordinary shares of Metalink stock to its underwriting group.
The sale to the underwriting group, Bank of America Securities LLC, CIBC World Markets and US Bancorp Piper Jaffray, is in accordance with the underwriters' overallotment option, in connection with the Company's recently completed initial public offering. The additional shares increased the offering to 4,600,000 shares, at a public offering price of $12.00 per share.
Metalink is an ISO 9002 certified, fabless semiconductor company that develops and markets high performance digital subscriber line (DSL) chip sets used by telecommunications equipment makers. The company's DSL chip sets allow digital transmission of voice and data over copper wire lines at speeds up to 30 times faster than by conventional analog modems and can help solve network bandwidth access bottlenecks quickly and cost effectively. Metalink's top level algorithmic designers, along with its leadership in U.S. and European Telecommunications Standards bodies, has helped establish it as a leader in high-end DSL technology.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission and has become effective.