June 29, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Fabrinet (NYSE: FN), a provider of precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of various products, said that its initial public offering of 8.5 million shares of common stock at a price to the public of $10 per share. Morgan Stanley (NYSE: MS) and Deutsche Bank Securities (NYSE: DB) are joint book-runners for the offering.

The shares began trading on the New York Stock Exchange on June 25 under the ticker symbol "FN."

Of the shares being offered, Fabrinet is offering 2.83 million shares and the majority shareholder, Asia Pacific Growth Fund III, L.P., a private equity fund managed by H&Q Asia Pacific, along with certain other shareholders, will offer 5.67 million shares.

Additionally, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 1,275,000 shares of common stock at the initial public offering price to cover over-allotments, if any.

California-based Fabrinet provides precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and sub-systems, industrial lasers and sensors.

Fabrinet offers a

range of advanced optical capabilities across the entire manufacturing process, including process engineering, design for manufacturability, supply chain management, manufacturing, final assembly and test.

The firm has engineering resources and facilities in Thailand, China and the United States.

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