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GCTS News
Archived Headlines
- 4G chip supplier GCT Semiconductor postpones $60 million IPO 03/01/12
- Semiconductor provider M/A-COM Technology Solutions sets IPO terms, seeking $100 million 02/28/12
- 6 US IPOs planned for the week of Feb 27 02/27/12
- 4G chip supplier GCT Semiconductor sets IPO terms, looks to raise $60 million 02/15/12
- 4G wireless chip designer GCT Semiconductor files for a $100 million IPO 09/15/11
Atlas Merchant Capital's SPAC Concord Acquisition III prices upsized $300 million IPO
Concord Acquisition III, the third blank check company formed by Atlas Merchant Capital targeting financial services and FinTech, raised $300 million by offering 30 million units at $10. The company offered 5 million more units than anticipated. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. The company is led...read more
Atlas Merchant Capital's SPAC Concord Acquisition III files for a $250 million IPO
Concord Acquisition III, the third blank check company formed by Atlas Merchant Capital targeting financial services and FinTech, filed on Friday with the SEC to raise up to $250 million in an initial public offering. The New York, NY-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-third...read more
4G chip supplier GCT Semiconductor withdraws $60 million IPO
GCT Semiconductor, a fabless supplier of 4G LTE and WiMAX wireless chips, withdrew its plans for an initial public offering on Friday citing poor market conditions. The San Jose, CA-based company was founded in 1998 and booked $87 million in sales for the 12 months ended December 31, 2011. BofA Merrill Lynch was set to be the sole bookrunner on the deal. ...read more
Buyers exert pricing pressure during an active February for the US IPO market
After a slow January, when only 4 deals priced, US IPO market activity picked up in February. The 18 pricings during the month were the most since May 2011 and 2 more than February 2011. Excluding last year's $2.9 billion Kinder Morgan (KMI) deal, proceeds raised were up 32% to $1.7 billion, despite substantial discounts. Perhaps mindful of weak performance last year (when the...read more