In anticipation of its initial public offering (IPO) this week, FormFactor Inc. increased the number of shares it plans to offer to 6 million, while raising the initial asking price to $11 to $13 per share.

The leading wafer probe card manufacturer filed an amended prospectus with the U.S. Securities and Exchange Commission (SEC) today, outlining the new details on the offering. FormFactor had anticipated offering 5.5 million shares for $9 to $11 per share.

The Nasdaq has approved FormFactor's common stock to trade on the Nasdaq National Market under the symbol FORM, the company stated in the prospectus.

Wall Street firm Morgan Stanley, which owns 7.5 percent of the company through its venture capital arm, is serving as lead underwriter for the IPO, along with underwriters, Lehman Brothers, Thomas Weisel Partners and Banc of America Securities.

By: DocMemory
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