PortalPlayer, a fabless semiconductor company developing platform solutions for manufacturers of personal media players (e.g. MP3 players), announced the terms of its IPO on Wednesday. The company plans to offer 6.25mm shares between a pricing range of $11-$13 per share with a resulting market cap of $266mm. Citigroup and Credit Suisse First Boston are managing the offering, and a pricing date has not yet been determined.
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