Tuesday, May 4, 2004
MEMEC Files for IPO
San Diego-based MEMEC has filed for an IPO worth up to $100M. The electronics distributor provides semiconductors and services, includingprogrammable logic devices, analog products, and application specific standard products. Memec had a loss of $86M on nearly $1.8B in revenue in 2003. The offering is being underwritten by CS First Boston, Goldman Sachs, JP Morgan, Deutsche Bank, and Merrill Lynch.