Monday, November 29, 2010

Peregrine Semiconductor files for IPO

San Diego based semiconductor manufacturer Peregrine Semicondutor filed their SEC form S-1 in anticipation of an future IPO. As originally reported by Dan Primak at Fortune, Peregrine plans to trade on the NYSE, with Deutsche Bank Securities, JPMorgan and Jefferies & Co. serving as co-lead underwriters. It reports a $2.5 million net gain on over $67 million in revenue for the first nine months of 2009, compared to an $8.3 million loss on around $49 million in revenue for the year-earlier period. The company has raised over $120 million in VC funding since 1990. Current shareholders include Morgenthaler Ventures (14.2% pre-IPO stake), Ridgewood Partners (12%), Advanced Equities (11.1%), Wasserstein Ventures (8.6%), Palisades Ventures (6.24%) and Technology Venture Partners (6.08%).

The SEC filing may be found here.

No comments:

Post a Comment