MaxLinear, a fabless provider of chips used for broadband video in electronic devices, raised $90 million by offering 6.4 million shares at $14.00, above the range of $11.00 to $13.00. The company offered 19% more shares than originally expected, and along with Financial Engines (FNGN) is one of only two US IPOs to price above the range in 2010. MaxLinear plans to list on the NYSE under the symbol MXL. Morgan Stanley and Deutsche Bank acted as lead managers on the deal.
