Monday, November 1, 2010

Inphi Sets IPO Pricing Range

Inphi Corp., the developer of high speed analog semiconductors, which has major operations in Westlake Village, said late Friday that it has set its anticipated pricing range in its IPO. The firm said it anticipates its initial public offering price will be between $10.00 and $12.00 per share. Inphi, which is based in Santa Clara, said it is offering up 6.8 million shares of its common stock in the offering. The firm is looking to debut on the New York Stock Exchange as IPHI. Inphi filed for an IPO in June, and is venture backed by Walden International, Tallwood, Mayfield Fund, and Samsung Electronics. The firm's IPO is being underwritten by Morgan Stanley, Deutsche Bank Securities, Jeffries & Company, Thomas Weisel Partners, and Needham & Company.

---