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Rubicon Technology prices follow-on public offering

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May 7, 2008

FRANKLIN PARK, Ill.—Electronic materials company Rubicon Technology Inc. said Wednesday that it priced a follow-on public offering of 3.95 million shares of its common stock at $24 apiece.

Rubicon shares rose $1.41, or 6 percent, to $24.76 in after-hours trading, after finishing regular trading down $1.52, or 6.1 percent, at $23.35.

The offer's underwriters have an option to buy up to an additional 592,500 shares of common stock from selling shareholders to cover any over-allotments, Rubicon said.

Rubicon said the shares are being sold by the selling stockholders identified in a related prospectus.

UBS Investment Bank is working as the sole book-running manager of the offering. Canaccord Adams Inc., Needham & Co. LLC, William Blair & Co. LLC and Janney Montgomery Scott LLC are serving as co-managers.

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