Semtech Corporation (SMTC), a semiconductor, IoT systems and cloud connectivity service provider, said it priced public offering of 9.13 share million shares at $63 per share.
Proceeds from the offering, which was upsized from the previous $400 million of shares, are expected to be about $575 million.
Semtech plans to use proceeds from the offering for repayment of debt.
Morgan Stanley and UBS Investment Bank are acting as joint book-running managers for the offering, which is scheduled to close on December 9.
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