Monday, March 8, 2010
MaxLinear Sets IPO Range
Carlsbad-based MaxLinear, a developer of radio frequency analog and mixed signal semiconductors, set its pricing range on its IPO Friday, saying that it will offer 5.43 million shares of its stock at between $11 and $13 per share. The firm is looking to trade on the NYSE as MXL. The IPO is being underwritten by Morgan Stanley, Deutsche Bank Securities, UBS Investment Bank, Thomas Weisel Partners, and Needham & Company. MaxLinear is venture backed by USVP, Battery Ventures, Mission Ventures, UMC Capital, and others.