Inphi’s IPO the highlight of Wall St. week
[wikichart align=”right” ticker=”IPHI” showannotations=”true” livequote=”true” rollingdate=”6 months” width=”300″ height=”245″]Inphi Corp.’s initial public offering was an unmitigated success during a volatile month in a volatile year for the markets, experts said.
Shares of Inphi, the chip design firm with big operations in Westlake Village, shot up nearly 28 percent to close at $15.30 after they hit the market Nov. 11. They stayed in that range over the next five days, crisscrossing the $16 mark several times.
“It looks like it’s without question a successful IPO,” said Lloyd Greif, CEO of Los Angeles-based middle-market investment bank Greif & Co. “That bodes well not only for the company, but for the market. You want to see more stellar performers like Inphi.”
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