Peregrine Semiconductor Prices IPO, Starts Trading Today

San Diego-based Peregrine Semiconductor priced its IPO last night, saying that it will offer up 5,500,000 shares of its common stock at $14.00 per share. The firm will start trading today on the NASDAQ Global Market as PSMI. Peregrine priced at the low end of its initial estimated pricing range, which was $14.00 to $16.00 per share. Peregrine is venture backed by Morgenthaler Partners, Advanced Equities, Palisades Ventures, and others. The firm's IPO was underwritten by Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, RBC Capital Markets LLC, Needham & Company LLC, Oppenheimer & Co. Inc., and Pacific Crest Securities LLC.