NetLogic IPO on NASDAQ (2004/7/10)
Taipei-July, 10, 2004 - NetLogic Microsystems Inc. (NasdaqNM: NETL, Quote, News) announced today the initial public offering of 5.7 million shares of its common stock at a price of $12 per share. Merrill Lynch & Co. is acting as the sole bookrunning manager for the offering with Lehman Brothers acting as joint lead-manager. UBS Investment Bank and A.G. Edwards & Sons, Inc. are acting as co-managers. NetLogic Microsystems' common stock will be trading on The NASDAQ National Market under the ticker symbol "NETL". NetLogic Microsystems is a semiconductor company that designs, develops and markets high performance knowledge-based processors for a variety of advanced Internet, corporate and other networking systems, such as routers, switches, network access equipment and networked storage devices. NetLogic Microsystems' knowledge-based processors employ an advanced processor architecture and a large knowledge database containing network and network user information to make complex decisions about individual packets of information traveling through the network. NetLogic Microsystems' knowledge-based processors significantly enhance the ability of networking original equipment manufacturers to supply network service providers with systems offering more advanced functionality for the Internet, such as voice transmission over the Internet, virtual private networks, and streaming video and audio. Major shareholders of Netlogic includes Sevin Rosens Fund, Seligman, VentureTech Alliance (a 100% TSMC subsidiary), and the Godinho Family. Prudence has been a shareholder in NetLogic since September 2001..