Rubicon Technology, Inc. Announces Pricing of Initial Public Offering

FRANKLIN PARK, Ill., Nov. 16 /PRNewswire-FirstCall/ -- Rubicon Technology, Inc. (NASDAQ: RBCN) today announced the pricing of its initial public offering of 6,700,000 shares of its common stock at a price of $14 per share. Of those shares, Rubicon Technology will sell 5,500,000 shares and selling stockholders will sell 1,200,000 shares. Rubicon Technology has granted the underwriters an option to purchase up to an additional 1,005,000 shares of common stock to cover over-allotments, if any. Rubicon Technology's common stock will be listed on the NASDAQ Global Market under the trading symbol "RBCN."

UBS Investment Bank is serving as the sole book-running manager of the offering. Canaccord Adams Inc., CIBC World Markets Corp. and Janney Montgomery Scott LLC are acting as co-managers. A copy of the final prospectus relating to the offering may be obtained by contacting UBS Investment Bank, Prospectus Department, 229 Park Avenue, New York, NY, 10171, telephone 1-888-827-7275.

A registration statement relating to the offering was filed with, and was declared effective by, the Securities and Exchange Commission. This offering is being made solely by means of a prospectus. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Company's common stock, nor shall there be any sale of the common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Rubicon

Rubicon Technology is an advanced electronic materials provider that develops, manufactures and sells monocrystalline sapphire and other innovative crystalline products. Rubicon's products are used in light emitting diodes and blue laser diodes for solid state lighting and electronics applications, in radio frequency integrated circuits and in products for military, aerospace, sensor and other applications. Rubicon is headquartered in Franklin Park, Illinois.