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PDF IPO raises $54M
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July 26, 2001: 6:39 p.m. ET
Alliance Imaging raises nearly $122M; PDF Solutions raises $54M
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NEW YORK (CNNfn) - The initial public offering of PDF Solutions Inc. came in at the middle of its expected range, raising $54 million Thursday, while Alliance Imaging Inc. raised nearly $122 million.
PDF Solutions sold 4.5 million shares at $12 each, the middle of its $11-to-$13 range, via lead underwriter Credit Suisse First Boston.
PDF Solutions Inc. provides technology to improve the performance of semiconductors to customers such as Sony Corp., Texas Instruments Inc., and Toshiba Corp.
San Jose, Calif.-based PDF has a limited working history but posted a deficit of $12.6 million. PDF had $2.7 million in losses on $7.5 million revenue for the quarter ended March 31.
PDF plans to trade under the Nasdaq symbol "PDFS."
Alliance Imaging, the week's fourth IPO, came in at the bottom of its range, even after cutting terms Thursday. Alliance Imaging sold 9.375 million shares at $13, the low end of its $13-to-$14 range via lead underwriters Deutsche Bank Alex Brown and Salomon Smith Barney.
Alliance chopped the term of its deal to $13-to-$14 Thursday from the previous range of $15-to-$17.
Alliance Imaging Inc. specializes in magnetic resonance imaging (MRI) services for hospitals and other health care providers. Alliance operates 325 MRI systems for hospitals and other providers in 43 states.
Anaheim, Calif.-based Alliance had $1.2 million in losses on $91.3 million in revenue for the quarter ended March 31.
After the IPO, buyout firm Kohlberg Kravis Roberts & Co. will have a 73 percent stake.
Alliance plans to trade under the New York Stock Exchange symbol "AIQ." 
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