Sunday, November 21, 2010

Peregrine Semiconductor Files For IPO

San Diego-based Peregrine Semiconductor, a developer of RF integrated circuits for the wireless and other markets, filed for an IPO late Friday, saying it is looking to raise up to $100M on either the Nasdaq Global Market or New York Stock Exchange. The firm's IPO is being underwritten by Deutsche Bank Securities, J.P. Morgan, Jefferies & Company, Needham & Company, LLC, and Oppenheimer & Co. Peregrine Semiconductor is venture backed by Morgenthaler Partners, Ridgewood Peregrine, Palisades Ventures, TVP, Advanced Equities, and others. According to the firm's S-1, the company had a net loss of $7.4M on revenues of $70.5M in 2009, and net income of $2.5M on revenues of $67.6M for the nine months ended September 25, 2010.

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