Inphi Corporation, which fabless provider of high-speed analog semiconductor solutions with over 170 products, announced terms for its IPO on Friday. The Santa Clara, CA-based company plans to raise $75 million by offering 6.8 million shares at a price range of $10-$12. At the mid-point of the proposed range, Inphi Corporation will command a market value of $313 million. Inphi Corporation, which was founded in 2000 and booked $79 million in sales for the 12 months ended September 30, plans to list on the NYSE under the symbol IPHI. Morgan Stanley, Deutsche Bank Securities and Jefferies & Co. are the lead underwriters on the deal, for which timing was not disclosed.
