Telegent to raise up to $250m in IPO
November 25, 2009
Telegent Systems, a developer of semiconductors that enable mobile TV services, has filed with the Securities and Exchange Commission 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. Telegent previously raised $50 million in three rounds of funding, and generated $123.9 million in revenue for the year ended March 31st.
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