Sources: Altera is preparing to confidentially file for an IPO in the coming weeks; the offering could raise over $2B, with a listing as early as this year (Reuters)
Silver Lake and Intel (INTC.O)-backed chipmaker Altera is preparing for an initial public offering that could raise over $2 billion as early as 2026 …
Altera, a chipmaker backed by Silver Lake and Intel, is preparing to confidentially file for an initial public offering in the coming weeks. According to sources, the offering could raise over $2 billion and list as early as this year.
The San Jose, California-based company has tapped Barclays, Citi, JPMorgan, and Morgan Stanley as underwriters for the IPO, although the order of the banks is yet to be finalized.
The potential listing would be one of the largest semiconductor IPOs in recent years, following Arm Holdings' 2023 market debut which raised nearly $5 billion, according to Channel News Asia and CNA - Business.
Brief written by urgent.news from Techmeme, Channel News Asia, CNA - Business, FXStreet — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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