Newport Beach-based Jazz Semiconductor has filed for an IPO, saying Monday that it is looking to raise up to $105M on the NASDAQ. The offering is being underwritten by Cowen & Company, Needham & Company, and Wachovia Securities. In its filing, Jazz reported a loss of $12.4M on total revenues of $199M in 2005. Jazz Semiconductor is a spinout of Conexant that provides analog and mixed signal semiconductors used for wireless, digital TV, networking, broadband, and other markets. The firm had spun out of Conexant in 2002 with an investment by The Carlyle Group. Jazz had filed for an IPO in 2004, and withdrawn its S-1 last year.
Top NewsWednesday, April 26, 2006
Jazz Semiconductor Files For IPO