Tuesday, March 13, 2007

GSI Technology Sets IPO Terms

Santa Clara-based GSI Technology has set terms of the firm's upcoming IPO, saying in an SEC filing last night that it will offer 8,000,000 shares of its common stock at between $6.50 and $8.00 per share. GSI will list its stock on the Nasdaq Global Market as "GSIT". The firm develops SRAM used for high performance networking and other electronics. The firm's IPO is being underwritten by Needham & Company, WR Hambrecht + Co, Robert W. Baird & Co., and Stanford Group Company.