Case Study

McGuireWoods assists Rubicon Technology with initial public offering

December 13, 2007

McGuireWoods recently handled the legal aspects of the initial public offering for Rubicon Technology, Inc., a vertically integrated manufacturer of high quality sapphire substrates and optical windows that are used in Light Emitting Diodes (LEDs) and other electronic and optical applications. The stock (NASDAQ:RBCN) began trading Friday Nov. 16, 2007, after being priced by the underwriters at the top end of the estimated range of $12-14. It finished the day at $17.50 per share, up 25%. At times during the day, it traded at more than $19. The IPO raised approximately $91 million. McGuireWoods attorneys and legal professionals involved  included Scott L. Glickson, Rachel Williams Mantz, Zachariah B. Miller, James C. Williams, Sarah J. Schwartz, Adam A. Grove, Steven M. Evans, Karen J. Gubitz, Erin K. Hochstatter (all Chicago); David N. Oakey, Meredith W. Sanderlin, and Katherine K. DeLuca (all Richmond).