Peregrine Semiconductor Announces Closing of Initial Public Offering and Exercise of Underwriter Option
13 Août 2012 - 10:05PM
Business Wire
Peregrine Semiconductor Corporation (Peregrine Semiconductor)
(NASDAQ:PSMI), a fabless provider of high-performance
radio-frequency (RF) integrated circuits (ICs), today announced
that it has closed its previously announced initial public
offering. In connection with the initial public offering, the
underwriters exercised in full their option to purchase an
additional 825,000 of common stock from Peregrine Semiconductor at
the public offering price of $14.00 per share, less underwriting
discounts and commissions.
The full exercise of the option brings the total number of
shares of common stock sold in the initial public offering to
6,325,000. Of the shares of common stock in the offering, Peregrine
Semiconductor sold 6,165,780 shares and selling stockholders sold
159,220 shares. The aggregate net proceeds received by Peregrine
Semiconductor were approximately $79.2 million, after underwriting
discounts and commissions and estimated offering expenses payable
by the company. Peregrine Semiconductor did not receive any
proceeds from the sale of shares by the selling stockholders.
Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC are
acting as joint book-running managers for the offering. RBC Capital
Markets LLC, Needham & Company LLC, Oppenheimer & Co. Inc.,
and Pacific Crest Securities LLC are acting as co-managers for the
offering.
A registration statement relating to this offering was declared
effective by the Securities and Exchange Commission on August 7,
2012. This offering is being made only by means of a prospectus,
copies of which may be obtained from Deutsche Bank Securities Inc.
(Prospectus Department, 60 Wall Street, New York, NY, 10005, +1
(800) 503-4611 or prospectus.cpdg@db.com) or J.P. Morgan
Securities LLC (Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY, 11717, + 1 (866) 803-9204).
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
jurisdiction.
About Peregrine Semiconductor
Peregrine Semiconductor is a fabless provider of
high-performance Radio Frequency Integrated Circuits, or RFICs. Our
solutions leverage our proprietary UltraCMOS®
technology, which enables the design, manufacture, and
integration of multiple RF, mixed-signal, and digital functions on
a single chip. Our products deliver what we believe is an
industry-leading combination of performance and monolithic
integration, and target a broad range of applications in the
aerospace and defense, broadband, industrial, mobile wireless
device, test-and-measurement equipment, and wireless-infrastructure
markets. UltraCMOS technology combines the ability to achieve the
high levels of performance of traditional specialty processes, with
the fundamental benefits of standard CMOS, the most widely-used
semiconductor process technology. UltraCMOS technology utilizes a
synthetic sapphire substrate, a near-perfect electrical insulator,
providing low parasitic capacitance and enabling high signal
isolation and excellent broadband linearity. These attributes
result in RF devices with excellent high-frequency performance and
power-handling performance, reduced crosstalk between frequencies,
and enhanced network efficiency. We have engineered design
advancements, including our patented HaRP™
technology, which significantly
improves harmonic and linearity performance; and our patent-pending
DuNE™ technology, a circuit design technique that we have
used to develop our advanced Digitally Tunable Capacitor (DTC)
products. We offer a broad portfolio of high-performance RFICs
including switches, digital attenuators, mixers/upconverters,
prescalers, frequency synthesizers, Digitally Tunable Capacitors
(DTCs), and DC-to-DC converter products, and we are currently
developing Power Amplifiers (PAs). Our products are sold worldwide
through our direct sales and field applications engineering staff,
and our network of independent sales representatives, and
distribution partners. Additional information is available on the
Company website at http://www.psemi.com.
PSMI-F
The Peregrine Semiconductor name, logo and
UltraCMOS are registered trademarks, and DuNE, and HaRP are
trademarks of Peregrine Semiconductor Corporation in the U.S.A.,
and other countries. All other trademarks are the property of their
respective owners.
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