Alpha and Omega Semiconductor Limited, which develops power semiconductors in-house for a wide range of end-market applications such as netbooks and flat panel displays, announced terms for its IPO on Wednesday. The Bermuda-based company plans to raise $91 million by offering 5 million shares at a price range of $16-$20. At the mid-point of the proposed range, Alpha and Omega will command a market value of $438 million. The semiconductor company, which was founded in 2000 and booked $225 million in sales over the last twelve months, plans to list on the NASDAQ under the symbol AOSL. Deutsche Bank and Piper Jaffray are the lead underwriters on the deal, for which timing was not disclosed.
