Allegro MicroSystems, Inc. (ALGM) to Offer 15M in Common Stock

Allegro MicroSystems, Inc. (NASDAQ: ALGM), a global leader in sensing and power semiconductor technology, announced today the launch of a public offering of 15,000,000 shares of common stock to be sold by certain selling stockholders of Allegro. In addition, certain of the selling stockholders are expected to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of common stock. The selling stockholders will receive all of the net proceeds from the offering and Allegro will not receive any proceeds. The offering is subject to market conditions, and there can be no assurance as to whether, or when, the offering may be completed or as to the actual size or terms of the offering.

Barclays, Credit Suisse, and Wells Fargo Securities will serve as joint lead book-running managers for the proposed offering.

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