August 28, 2009

Avago’s IPO one of few made since October

It might have been a year late but Avago Technologies’ initial public offering was definitely not a dollar short.

The IPO was launched on Aug. 5 at $15 per share, at the upper end of the range set in July. The offering sold 43.2 million shares – 7 million more than expected – raising $648 million. In the following weeks, the stock (Nasdaq: AVGO) rose as high as $17.95 and, as of Aug. 20, had not traded below $15.50.

Avago originally made its IPO filings with the U.S. Securities and Exchange Commission on Aug. 21, 2008. At the time, Avago…

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