Mobile TV Chipmaker Telegent to Raise Up to $250M in IPO

Authored by Mark Hefflinger on November 23, 2009 - 11:14am.

Sunnyvale, Calif. - Telegent Systems, a developer of semiconductors that enable mobile TV services, on Monday filed with the Securities and Exchange Commission (SEC) to raise up to $250 million in its initial public offering (IPO).

The company, which plans to list its shares on the Nasdaq under the symbol "TLG," has yet to announce details such as the number of shares to be sold or their expected price range.

Goldman Sachs and J.P. Morgan will act as lead underwriters.

Sunnyvale, Calif.-based Telegent previously raised $50 million in three rounds of funding, and generated $123.9 million in revenue for the year ended March 31.

Related Links:
http://telegent.com/press/2009Nov23_S1.html