Monday, November 30, 2015

eASIC Drops IPO Plans

Santa Clara-based eASIC has withdrawn its IPO plans, saying in a regulatory filing Friday that it has determined not to pursue the initial public offering it had registered for in February. No reason for the withdrawal was given by the company. eASIC is a developer of programmable ASIC hardware. eASIC is backed by Khosla Ventures, Crescendo Ventures, Seagate Technology, Kleiner Perkins Caufield & Byers, Evergreen, and Advanced Equities, among others.