Ichor Holdings, Ltd. Announces Pricing of Initial Public Offering

FREMONT, Calif., Dec. 08, 2016 -- Ichor Holdings, Ltd. (Nasdaq:ICHR) (“Ichor”) announced today the pricing of its underwritten initial public offering of 5,877,778 of its ordinary shares at a price to the public of $9.00 per share. The shares will begin trading on the NASDAQ Global Select Market on December 9, 2016 under the ticker symbol “ICHR.” In connection with this offering, we have granted the underwriters a 30-day option to purchase up to an additional 881,667 ordinary shares at the initial public offering price, less the underwriting discount.

Deutsche Bank Securities Inc. and Stifel are serving as joint lead bookrunners in the offering.  Additionally, RBC Capital Markets, LLC, Cowen and Company, LLC and Needham & Company, LLC are serving as bookrunners in the offering. Copies of the prospectus related to the offering may be obtained from: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, by telephone at 1-800-503-4611 or by email at [email protected], or Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus Department, One Montgomery Street, Suite 3700, San Francisco, CA 94104, by telephone at 415-364-2720 or by email at [email protected].

Ichor intends to use approximately $40 million of the net proceeds received from this offering to repay outstanding borrowings under its credit facilities, and the remainder for general corporate purposes.

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on December 8, 2016. 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.

About Ichor

Ichor is a leader in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment.

Forward-Looking Statements

This communication contains forward-looking statements that may state Ichor’s or its management's intentions, beliefs, expectations or predictions for the future. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as “will,” “expect,” “estimate,” “anticipate,” “forecast,” “plan,” “believe,” and similar terms.  Although Ichor believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets. Any forward looking information presented herein is made only as of the date of this press release, and Ichor does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

Contact:
Maurice Carson, CFO/President
(510) 897-5200 (Main Number)
[email protected]