Eager investors boosted the stock of Carlsbad, CA-based MaxLinear (NYSE: [[ticker:MXL]]) by more than 33 percent today in the company’s debut, with shares closing at $18.70 in first day of trading of nearly 6.9 million shares on the New York Stock Exchange. Last night, MaxLinear’s IPO underwriters increased the offering to 6.4 million shares (from 5.4 million), and priced the stock at $14 a share, raising a total of nearly $90 million for MaxLinear and its venture investors. As we previewed, MaxLinear is a semiconductor company that specializes in designing radio frequency chips that receive and process broadband TV and video signals.
Author: Bruce V. Bigelow
In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here.
Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University.
Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.
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