DDi, Investors Plan to Sell 6 Million Shares of Stock

Five months after going public, DDi Corp. and several shareholders filed plans to sell 6 million shares of stock, worth $204 million at Tuesday’s closing price.

The Anaheim company, which designs and makes circuit boards for the electronics industry, went public in April, with 12 million shares priced at $14 each.

DDi shares fell $1.25 to $34 Tuesday in Nasdaq trading.

The company didn’t say how many shares it would offer and how many would be offered by the shareholders.

The company expects to receive $120 million in net proceeds from the stock sale, which it will use to repay debts and for general corporate purposes, including possible acquisitions.

DDi’s customers include Nokia Oyj and Motorola Inc., the world’s No. 1 and No. 2 makers of cellular phones, and Cisco Systems Inc., the world’s No. 1 maker of computer networking equipment.

Credit Suisse First Boston, Robertson Stephens, Chase H&Q;, Thomas Weisel Partners LLC and Lehman Brothers will underwrite the stock sale, according to the report filed with the Securities and Exchange Commission.