- Smart Global, which does business as Smart Modular, priced 5.3 million shares at $11 per share. That was well below the expected range of $13 to $15 per share. The company raised $58.3 million, far from the $74 million it would have raised if it priced shares at the middle of the range.
- The proceeds are also below the $66.6 million the company was planning to use to pay off debt.
- But shares opened at $12 per share and ended at $13.45.
- The company went public again after being taken private in 2011.
Description
Smart Global Holdings Inc. is a holding company. The Company through its subsidiaries provides specialty memory solutions. The Company manufactures memory for desktops, notebooks, servers and mobile memory for smartphones. The Company also serves original equipment manufacturer (OEM), customers to develop memory solutions. The Company also provides customized, integrated supply chain services to certain OEM customers to assist them in the management and execution of their procurement processes. The Company offers its products and services under a range of categories including dynamic random-access memory (DRAM) components, DRAM modules, flash components, mobile memory and supply chain services. The Company offers a range of DRAM modules including DIMMs, nonvolatile DIMMs, load reducing DIMMs, registered DIMMs, unbuffered DIMMs, small outline DIMMs, and mini-DIMMs.
Address
39870 Eureka Dr
NEWARK, CA 94560-4809
United States
NEWARK, CA 94560-4809
United States
Key stats and ratios
| Q1 (Feb '17) | 2016 | |
| Net profit margin | -1.36% | -3.73% |
| Operating margin | 4.60% | 1.16% |
| EBITD margin | - | 7.13% |
| Return on average assets | -2.23% | -3.90% |
| Return on average equity | -95.03% | -539.31% |
| Employees | 1,139 |
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