Power-One Underwriters Buy 750,000 Shares

Power-One Inc. in Camarillo announced that the underwriters have exercised their option to purchase 750,000 shares of the company’s common stock as part of Power-One’s Oct. 1 $71 million initial public offering.

The exercise of this option has provided the company with additional net proceeds of about $9.7 million and total gross proceeds from the offering of $80.5 million.

The underwriting group is being managed by Stephens Inc., BancAmerica Robertson Stephens and NationsBanc Montgomery Securities Inc.

Power-One designs and manufactures power supplies for electronic equipment manufacturers in the United States.