United States: Carlsbad TV chip firm files for IPO.Byline: datta03 With the stock market bouncing back a bit, a young Carlsbad company that makes TV receiver chips has filed with regulators for an initial public stock offering. MaxLinear hopes to raise $100 million in its IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a 440-page prospectus filed yesterday with the U.S. Securities and Exchange Commission. MaxLinear officials declined to comment, citing the SEC-mandated quiet period for companies seeking to go public. How much attention MaxLinear will get from investors is unclear. The IPO market has been poor for a couple of years, and it virtually shut down after the stock market meltdown last fall. There were only 43 IPOs in 2008, according to Renaissance Capital Renaissance Capital is a major investment bank concentrating on Russia and the Commonwealth of Independent States (CIS). Renaissance Capital is wholly owned by management and employees. Major lines of business are: sales and trading, investment banking and asset management. , which tracks public stock sales. That compares with 272 in 2007. This year didn't start out well, either. When San Diego's Bridgepoint Education, a provider of online education programs, raised $141 million in its IPO in April, it was only the second U.S. company to go public in 2009. Since then, the IPO market has recovered somewhat, with 47 companies going public, according to Renaissance Capital. Venture capitalists have expected the biggest and most mature companies which have been on the sidelines On the sidelines An investor who decides not to invest due to market uncertainty. on the sidelines Of or relating to investors who, having assessed the market, have decided to avoid committing their funds. because of the weak market to have the best chance of attracting investors. It's not certain that the IPO window will open wide enough for smaller, younger companies like MaxLinear to squeeze through. Even so, MaxLinear has attracted top-tier underwriters to its offering, including Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. , Deutsche Bank, UBS UBS Union Bank of SwitzerlandUBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System , Thomas Weisel Partners Thomas Weisel Partners Group, Inc. (NASDAQ: TWPG), often shortened to just TWP or TWeisel, is a U.S. middle-market and growth focused investment banking firm based in San Francisco, California. and Needham & Co. MaxLinear, which was founded in 2004, had $36.1 million in revenue through the first nine months of this year, up from $23.6 million a year earlier, according to its prospectus. Net income reached $2.4 million through September, compared with a loss of $1.1 million for the same period in 2008. The company makes incredibly small radio frequency TV tuner chips, which aim to take over from bulky can tuners in TVs and other electronics. MaxLinear plans to get its chips into computers, set-top boxes, mobile phones and in-vehicle video systems. Most of MaxLinear's customers are in Japan, where its chips go into digital TVs, and in Europe, where they are used in analog-to-digital set-top boxes. The company has shipped 65 million chips to date. It has more than 35 customers, including Panasonic, Murata Manufacturing, MTC mtc - A Modula-2 to C translator. ftp://rusmv1.rus.uni-stuttgart.de/soft/Unixtools/compilerbau/mtc.tar.Z. Co., Alps Electric Co. and Sony. According to the prospectus, the company has raised $35.3 million in venture capital since it was founded. Investors include Mission Ventures of San Diego, U.S. Venture Partners and Battery Ventures. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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