Peregrine Semiconductor Corporation (Peregrine) announced the pricing of their initial public offering (IPO) of 5,500,000 shares of common stock at a price to the public of $14 per share. The shares are on the NASDAQ Global Market under the ticker symbol “PSMI.”
Of the 5,500,000 shares being offered, 5,340,780 are being offered by Peregrine and 159,220 shares are being offered by certain selling stockholders. The Company will not receive any proceeds from the sale of shares by the selling stockholders. Peregrine has also granted the underwriters a 30-day option to purchase up to 825,000 additional shares of common stock from Peregrine.
Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. RBC Capital Markets LLC, Needham & Company LLC, Oppenheimer & Co. Inc., and Pacific Crest Securities LLC are acting as co-managers for the offering.
