Alliance Fiber Optic Products, Inc. Announces Initial Public Offering

Business Wire, Nov 21, 2000

Business Editors

SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 21, 2000

Alliance Fiber Optic Products, Inc. announced that it commenced today its initial public offering of 4,500,000 shares of its Common Stock at a price of $11.00 per share through an underwriting group managed by Merrill Lynch & Co., U.S. Bancorp Piper Jaffray, Wit SoundView, and SG Cowen.

All of the shares were sold by the Company. The Company has granted the underwriters an option to purchase an additional 607,500 shares to cover over-allotments, if any. Alliance Fiber Optic Products' Common Stock will be traded on the Nasdaq National Market under the symbol "AFOP."

Alliance Fiber Optic Products, Inc., headquartered in Sunnyvale, designs, manufactures and markets a broad range of high performance fiber optic components, and integrated modules incorporating these components, for leading and emerging communications equipment manufacturers. Alliance Fiber Optic Products offers a broad range of products including interconnect optical fibers and components, couplers and splitters that are used to divide and combine optical power, and dense wavelength division multiplexing, or DWDM, devices that separate and combine multiple specific wavelengths.

A prospectus may be obtained from Merrill Lynch & Co. at 101 California St., Suite 1400, San Francisco, CA, 94111, 415/274-6000; U.S. Bancorp Piper Jaffray at 800 Nicollet Mall, Minneapolis, MN, 55402, 612/303-6000; Wit SoundView at One Market Street Tower, Fourth Floor, San Francisco, CA, 94105, 415/618-6200; and SG Cowen at Four Embarcadero Center, Suite 1200, San Francisco, CA, 94111, 415/646-7200.