Inphi files for IPO
Semiconductor firm Inphi Corp. has filed documents to raise up to $115 million in an initial public offering on the New York Stock Exchange.
Founded in 2000, Inphi designs high-speed chips for communications equipment and server memory modules. Though technically headquartered in Sunnyvale, it maintains significant operations in Westlake Village.
The company has shipped 90 million chips since 2006. After several years of losses, Inphi showed a profit of $7.3 million on $ 37.6 million in revenue in 2009.
Inphi ranked 11th on the Pacific Coast Business Times 2009 “Fastest-Growing Companies” list, showing 101 percent revenue growth from 2006 to 2008. Inphi was named a winner of the Business Times’ “Family Business and Closely Held Companies Awards” in February.
If its application to the NYSE is approved, Inphi would trade under the symbol IPHI. The underwriters on the offering are Morgan Stanley & Co., Deutsche Bank Securities, Jefferies & Co., Thomas Weisel Partners and Needham & Co.
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