Wednesday, March 24, 2010
MaxLinear Prices IPO
Carlsbad-based RF semiconductor maker MaxLinear priced its IPO Tuesday evening, saying that it will offer 6,444,100 shares of its Class A common stock at $14.00 per share. The pricing was above the initial pricing range given by the firm earlier this month of $11 to $13 per share. MaxLinear said the firm's shares will begin trading on the NYSE today as MXL. MaxLinear's IPO was underwritten by Morgan Stanley & Co., Deutsche Bank Securities, USB Securities LLC, Thomas Weisel Partners LLC, and Needham & Company. MaxLinear was venture backed by USVP, Battery Ventures, Mission Ventures, UMC Capital, and others.