MaxLinear, a provider of highly integrated, radio-frequency analog and mixed-signal semiconductor solutions, announced terms for its IPO on Friday. The Carlsbad, CA-based company plans to raise $65 million by offering 5.4 million shares at a price range of $11-$13. At the mid-point of the proposed range, MaxLinear will command a market value of $353 million. MaxLinear, which was founded in 2003 and booked $51 million in sales for the year ended December 2009, plans to list on the NYSE under the symbol MXL. Morgan Stanley, Deutsche Bank and UBS Investment Bank are the lead underwriters on the deal, which is expected to price on Wednesday, Mar. 24.
