Avago Tech. (AVGO) Sees IPO Price of $13-$15

July 27, 2009 9:57 AM EDT Send to a Friend
Avago Technologies (Nasdaq: AVGO) has filed an amended registration statement with the SEC for an initial public offering of its common stock. The Company is offering 36,000,000 shares and expects the offering price to be between $13-$15 per share. The Company plans to list on the NASDAQ under the symbol "AVGO".

The offering is being made through Deutsche Bank, Barclays, Morgan Stanley, Citi, Credit Suisse, Goldman Sachs, JPMorgan, UBS, KKR, ABN AMRO and FTN Equity Capital Markets.

Avago is a designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products.

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