Wednesday, July 25, 2012
Peregrine Semiconductor Estimates IPO Pricing Range
San Diego-based Peregrine Semiconductor, the developer of CMOS, RF integrated circuits, has set an estimated pricing range for its its IPO. According to a filing by the firm this morning, it is estimating a IPO price of between $14.00 and $16.00 per share. The firm is offering 5,500,000 shares of its stock in its IPO. The firm also said it has applied to list on the Nasdaq Global Market as PSMI. Peregrine is venture backed by Morgenthaler Partners, Advanced Equities, Palisades Ventures, and others. The move pulls the firm's IPO out of a long dormancy -- the company had originally filed for an IPO back in 2010. Usually, companies set an estimated IPO pricing range as they explore the market for their offerings and embark on their roadshow, with actual IPO pricing in the days or weeks following.