SiGe Semiconductor files for an IPO
SiGe Semiconductor Inc. said in a regulatory filing yesterday that it looks to raise up to $144 million by selling stock shares to the public for the first time.
On its website, Andover-based SiGe describes itself as a provider of radio frequency semiconductor front end solutions that are enabling wireless multimedia across a wide range of computing, home entertainment, networking, and mobile applications.
In a filing with the US Securities and Exchange Commission, SiGE said it has operations in Ottawa and Hong Kong besides Andover and a company-wide head count of 132 employees as of April 2.
The recession has put a damper on companies seeking initial public offerings, or IPOs. Earlier this month, Bloomberg News reported that roughly 90 companies filed to seek IPOs last quarter, but 50 IPOs had been shelved.