MaxLinear Files For IPO

Carlsbad-based MaxLinear, a developer of RF analog and mixed-signal semiconductors, has filed for an IPO, saying in a filing today that it is looking to raise up to $100M in an IPO on either the Nasdaq Global Market or the New York Stock Exchange. The IPO is being underwritten by Morgan Stanley & Co. Incorporated, Deutsche Bank Securities Inc., UBS Securities LLC, Thomas Weisel Partners LLC and Needham & Company, LLC. MaxLinear makes radio frequency receivers used for decoding analog broadband signals, including set-top and cable boxes, digital televisions, mobile handsets, personal computers, and other electronic devices. According to the filing, the firm earned $2.4M on revenues of $36.1M in the nine months ending September 30th, and had a net loss of $1.9M on revenues of $31.3M in fiscal 2008. The firm is venture backed by U.S. Venture Partners, Battery Ventures, Misson Ventures, UMC Capital, and others.