|
|
Article: United States: Avago readies for $400M IPO.
- Article from:
- TendersInfo
- Article date:
- September 13, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: sujit03
Now in its third iteration since being founded more than 45 years ago, Avago Technologies Ltd. is preparing to return to something familiar - being a publicly traded company.
Avago will seek to raise about $400 million with an initial public offering, more than half of which will be used to pay down the companys debt. The firm, which will trade on the Nasdaq under the symbol AVGO, made its initial filing with the Securities and Exchange Commission on Aug. 21.
Avago makes its Northern Colorado home on the portion of the Hewlett-Packard campus on East Harmony Road that had been leased to Agilent Technologies Inc. since 2000.
...