SOURCE: SMART Global Holdings, Inc.

SMART Global Holdings

May 11, 2017 16:22 ET

SMART Global Holdings, Inc. Announces Launch of Its Initial Public Offering

NEWARK, CA--(Marketwired - May 11, 2017) - SMART Global Holdings, Inc. ("SMART"), the parent company of SMART Modular Technologies, Inc., today announced the launch of its initial public offering of 5,300,000 of its ordinary shares. The initial public offering price is expected to be between $13.00 and $15.00 per share. The underwriters of the offering will also have a 30-day option to purchase up to an additional 795,000 of SMART's ordinary shares. SMART has applied to list its ordinary shares on the NASDAQ Global Market under the ticker symbol "SGH."

Barclays and Deutsche Bank Securities are acting as lead book-running managers for the offering; Jefferies and Stifel are acting as book-running managers; and Needham & Company and Roth Capital Partners are acting as co-managers.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847, or by email at Barclaysprospectus@broadridge.com; or from Deutsche Bank Securities, Inc., Attn: Prospectus Group, 60 Wall Street, New York, NY 10005, by telephone: 800-503-4611, or by email at prospectus.CPDG@db.com; or from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY, 10022, by email at Prospectus_Department@Jefferies.com or by phone at 877-821-7388; or from Stifel, Nicolaus & Company, Incorporated, One Montgomery Street, Suite 3700, San Francisco, CA 94104, or by telephone at (415) 364-2720, or by email at syndprospectus@stifel.com.

A registration statement, including a preliminary prospectus, relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.