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IPO outlook: October 28, 2004.
Byline: editted by Jon Asmundsson
editted by Jon Asmundsson
PortalPlayer sets IPO price range
Santa Clara, Calif.-based semiconductor maker PortalPlayer Inc. notified the Securities and Exchange Commission on Wednesday that its 6.25 million-share initial public offering would be priced at between $11 and $13 a share. The underwriters have an overallotment option for 937,500 shares, meaning the offering could be worth up to $93.4 million. The offering is underwritten by Citigroup Inc., Credit Suisse First Boston, Needham & Co. and SG Cowen & Co. PortalPlayer's outside counsel is Pillsbury Winthrop LLP while Shearman & Sterling LLP represents the …
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