Peregrine Semiconductor Raises $77M IPO
August 9, 2012- Share:
Peregrine Semiconductor raised $77 million in its IPO by offering 5.5 million shares priced at $14 apiece, the low end of the expected range of $14 to $16. Peregrine elected to list on the NASDAQ under the symbol PSMI, and its shares closed up at $14.71 in the first day of trading yesterday. Prior to going public, the radio frequency chipsets manufacturer raised about $89 million in venture funding from investors including Advanced Equities (9% stake post-IPO), Morgenthaler (11.6%), Palisades Ventures (5.1%), Ridgewood Capital (8.5%) and Technology Venture Partners (5%), none of which sold shares through the IPO.
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