Inphi Raises $81.6M In IPO

Inphi, the maker of high speed analog semiconductors, has raised $81.6M in its IPO, after pricing 6.8 million shares of its common stock at $12.00 per share today. The pricing was at the high end of its estimated initial public offering range, which as at between $10.00 and $12.00 per share. Inphi--which is based in Santa Clara, but has a big chunk of its operations in Westlake Village--is venture backed by Walden International, Tallwood, Mayfield Fund, and Samsung Electronics. The firm's IPO was underwritten by Morgan Stanley, Deutsche Bank Securities, Jeffries & Company, Thomas Weisel Partners, and Needham & Company. The firm will trade on the NYSE as IPHI. Inphi was trading as high as 15.85 in morning trading Thursday.