Thursday, August 9, 2012

Peregrine Semiconductor IPO

As reported by Dan Primack at FORTUNE:

Peregrine Semiconductor Corp., a San Diego-based provider of RF CMOS and mixed-signal communications ICs, raised $77 million in its IPO. The company priced 5.5 million shares at $14 per share (low end of $14-$16 range), for an initial market cap of approximately $353 million. It will trade on the NYSE, while Deutsche Bank Securities and J.P. Morgan served as co-lead underwriters. Peregrine reports a $3 million net loss on around $80 million in revenue for the first six months of 2012. It had raised over $120 million in VC funding since 1990. Current shareholders include Morgenthaler Ventures (14.07% pre-IPO stake), Ridgewood Partners (10.32%), Advanced Equities (10.87%), Palisades Ventures (6.18%) and Technology Venture Partners (6.03%). The U.S. SBA also held a 10.61% pre-IPO stake, as receiver for Wasserstein Adelson Ventures. www.peregrine-semi.com

2 comments:

  1. Hello,

    I can't find any contact info in the site so forgive me for using the comment section. I'm Algen, I work with engineering website EEWeb and would love to have your website featured as a site of the day on EEWeb. Is this of interest to you?

    Hope to hear from you soon.

    Sincerely,

    Algen

    ReplyDelete
  2. It was in 14th century when Switzerland, which is still considered a banking hub, started taking part in the evolution of private banking.guarantor loans

    ReplyDelete