Rubicon Technology investor plans secondary sale of 2 million shares

Common shares sold through sole bookrunning manager Canaccord Genuity

By Devika Patel

Knoxville, Tenn., March 18 - Rubicon Technology, Inc. plans a secondary offering of stock, according to a preliminary prospectus supplement filed Tuesday with the Securities and Exchange Commission.

The selling stockholder will sell 2 million common shares.

Canaccord Genuity is the sole bookrunner.

The company will not receive any proceeds from the secondary sale.

The Franklin Park, Ill., company is an electronic materials provider specializing in monocrystalline sapphire for applications in light-emitting diodes, optical systems and specialty electronic devices.

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