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16 June 20202 minute read

DLA Piper advises Needham & Co. as underwriter in Vicor Corporation's US$115 million common stock offering

DLA Piper represented Needham & Company, LLC as underwriter in the US$115 million public offering of common stock of Vicor Corporation (NASDAQ: VICR). Vicor is a leading provider of high-performance power components and systems.

Vicor intends to use the proceeds from the offering to expand its manufacturing facilities and corporate operations and for other general corporate purposes. Needham & Company, LLC acted as the sole book-running manager for the offering.

“We appreciated the opportunity to leverage our extensive technology sector capabilities with our robust experience advising underwriters in sophisticated capital markets transactions to help Needham deliver this transaction for Vicor,” said John J. Gilluly III, global co-chair of DLA Piper’s Corporate practice, who led the firm’s deal team.

In addition to Gilluly (Austin), the DLA Piper team representing Needham & Company included Drew Valentine (Austin/New York), Chen Zhang and Rebekah Rodriguez (both of Austin).

DLA Piper’s global capital markets team represents issuers and underwriters in registered and unregistered equity, equity-linked and debt capital markets transactions, including initial public offerings, follow-on equity offerings, equity-linked securities offerings, and offerings of investments grade and high-yield debt securities.

DLA Piper’s global Technology sector lawyers work across practice areas and offices to support technology clients – from startups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world.