Monday, May 9, 2011
Peregrine Semiconductor Updates IPO Filing
San Diego-based Peregrine Semiconductor, the developer of CMOS RF integrated circuits, updated its S-1 filings Friday, saying that it had a net loss of $1.0M on revenues of $21.2M for the three months ended March 26, 2011. That compares with net income of $1.0M on revenues of $22.9M for the similar quarter in 2010. Peregrine Semiconductor has filed for an IPO on the NASDAQ Global Market as PSMI. The firm's IPO is being underwritten by Deutsche Bank Securities, J.P. Morgan, Needham & Company, Oppenheimer & Co., Pacific Crest Securities, and RBC Capital Market. The firm is venture backed byMorgenthaler Partners, Palisades Ventures, TVP, Advanced Equities, and others.