After the 7% initial public offering (IPO) fees, Samsung-backed Inphi raises $75.9m, before a further one million shares can potentially be sold through an over-allotment process.
Inphi, a semiconductor company part-owned by its largest customer, raised $81.6m at its New York Stock Exchange flotation after issuing shares at the maximum price of $12 each.
After the 7% initial public offering (IPO) fees, Inphi raised $75.9m, before a further one million shares can potentially be sold through an over-allotment process, according to its regulatory filing.
Korea-based electronics company Samsung owned 2.2 million shares (12.8%) of Inphi through its Electronics division and Samsung Venture Investment Company unit…
