Monday, November 23, 2009

Telegent Systems Files For IPO

Sunnyvale-based Telegent Systems, a developer of RF, mixed-signal semiconductors, filed for an IPO late Friday, saying it is looking to raised up to $250M on the Nasdaq as TLG. The firm's IPo is being underwritten by Goldman, Sachs & Co., J.P. Morgan, Jefferies & Company, Oppenheimer & Co., and Piper Jaffray. Telegent is backed by New Enterprise Associates, Walden International, Index Ventures, and others. The firm said it had net income of $40.8M on revenues of $123.87M in its fiscal year ended March 31, 2009, and net income of $39.3M on revenues of $111.1M for the six months ended September 30, 2009.