M/A-COM To Raise $230M In IPO

M/A-COM Technology Solutions, a supplier of high performance semiconductors, active and passive components, is seeking to sell nearly $230 million of its common stock in an initial public offering.

M/A-COM Technology Solutions, a supplier of high performance semiconductors, active and passive components, is seeking to sell nearly $230 million of its common stock in an initial public offering (IPO), The Wall Street Journal reports. The company intends to list its shares on the NASDAQ Global Select Market. The semiconductor company will use the sale proceeds to make a payment to ‘Class B’ stockholders and for general purposes. Barclays Capital, JP Morgan Securities and Jefferies & Company will be the joint book-runners on the offering, adds Business Wire.

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