Peregrine Semiconductor (PSMI) IPO Opens Higher

The IPO for Peregrine Semiconductor Corporation (NASDAQ: PSMI) opended for trading at $15 after pricing 5,500,000 shares of common stock at a price to the public of $14 per share.

Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. RBC Capital Markets LLC, Needham & Company LLC, Oppenheimer & Co. Inc., and Pacific Crest Securities LLC are acting as co-managers for the offering.

Peregrine Semiconductor is a fabless provider of high-performance Radio Frequency Integrated Circuits, or RFICs. Our solutions leverage our proprietary UltraCMOS® technology, which enables the design, manufacture, and integration of multiple RF, mixed-signal, and digital functions on a single chip. Our products deliver what we believe is an industry-leading combination of performance and monolithic integration, and target a broad range of applications in the aerospace and defense, broadband, industrial, mobile wireless device, test-and-measurement equipment, and wireless-infrastructure markets.

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