Monday, November 1, 2010

Inphi Sets IPO Pricing Range

Santa Clara-based Inphi Corp., a developer of high speed switching semiconductors, has set its IPO pricing range, according to a filing by the firm late Friday. The firm said in an updated S-1 it anticipates its initial public offering price will be between $10.00 and $12.00 per share. Inphi is offering up 6.8 million shares of its common stock in the offering, which is set for the New York Stock Exchange under the symbol IPHI. Inphi's venture backers are Walden International, Tallwood, Mayfield Fund, and Samsung Electronics.