Intel-backed Altera prepares IPO that could raise over $2B, with Silver Lake tapping Barclays, Citi, JPMorgan and Morgan Stanley as underwriters
Altera, the chipmaker 49%-owned by Intel and majority-owned by Silver Lake, is preparing an IPO that could raise over $2 billion as early as this year, with Silver Lake tapping Barclays, Citi, JPMorgan and Morgan Stanley as underwriters, per Reuters. Intel bought Altera for $16.7 billion in 2015 and sold the other 51% to Silver Lake last September in a deal valuing Altera at $8.75 billion.
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🚨 INTEL-BACKED ALTERA PREPARES IPO THAT COULD RAISE OVER $2 BILLION AS EARLY AS THIS YEAR; SILVER LAKE TAPS BARCLAYS, CITI, JPMORGAN, MORGAN STANLEY AS UNDERWRITERS - REUTERS
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Silver Lake, Intel-backed Altera prepares $2B+ IPO as early as 2026 Chipmaker Altera, backed by Silver Lake and Intel, is preparing for an initial public offering that could raise over $2 billion as early as 2026. The company plans to confidentially file for the IPO in the
@IPONewsroom_
INTEL-BACKED CHIPMAKER ALTERA IS PREPARING AN IPO THAT COULD RAISE OVER $2 BILLION AS EARLY AS THIS YEAR Intel $INTC bought the company for $16.7 billion in 2015 and still owns 49% of it. Last September it sold the other 51% to Silver Lake in a deal valuing Altera at $8.75 https://t.co/ARsP8jcD1C