IPO News Archive

Avago Technologies is selected as Renaissance Capital's Featured IPO

8/4/09


Avago Technologies, a KKR/Silver Lake backed LBO of Hewlett Packard's former analog semiconductor business, has been selected as Renaissance Capital's Featured IPO. The company plans to raise $504 million by offering 36 million shares at a range of $13-$15. Deutsche Bank, Barclays, Morgan Stanley and Citi are the lead underwriters on the deal, which is expected to price on Wednesday, August 5.

This diversified analog chip company was originally founded as a division of Hewlett-Packard over 40 years ago and LBO'd in 2005 by KKR and Silver Lake for $2.7 billion......View Full Write-up

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