Inphi Files For IPO

In the latest Southern California firm to target the public markets, Inphi Corp., a developer of high speed, analog semiconductors, has filed for an IPO, saying late Wednesday evening in a filing with the SEC it is looking to raise up to $115M in an IPO on the NYSE. Inphi--which lists its headquarters as Sunnyvale, but has most of its operations in Westlake Village and Thousand Oaks--is looking to list on the NYSE and IPHI. The IPO is being underwritten by Morgan Stanley, Deutsche Bank Securities, Jeffries & Company, Thomas Weisel Partners, and Needham & Company. Inphi is venture backed by Walden International, Tallwood, Mayfield Fund, and Samsung Electronics. In its S-1, the firm said it had net income of $7.3M on total revenues of $58.8M for the year ended December 31, 2009.