AXT Inc of Fremont, CA, USA — which makes gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge) substrates and raw materials at plants in China — intends to offer and sell shares of common stock in a public offering. In connection with the offering, the firm also expects to grant the underwriters a 30-day overallotment option to purchase up to an additional 15% of the shares offered in the public offering price, minus the underwriting discounts...
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