IPO Preview: GCT Semiconductor
By IPOdesktop: Based in San Jose, California, GCT Semiconductor (GCTS) scheduled a $60 million IPO with a market capitalization of $312 million at a price range mid-point of $8, for Thursday, March 1, 2012. GCT Semiconductor is one of six IPOs scheduled for this week (see our IPO calendar). Notice that Yelp is scheduled for Friday.
Summary
GCT Semiconductor supplies system-on-a-chip solutions for the 4G mobile market. Cisco (CSCO) projects the market to grow 26 times between 2010 and 2015. Market research firm IDG projects an annual compound growth rate of 98% between 2011 and 2011. Another company with a similar business plan to GCT Semiconductor's is Sequans Communications (SQNS). Sequans IPO'd on April 4, 2011 at $10 per share. The first day, shares sank 17% and on May 31, 2011 Sequans topped out at $19.17. The company recently traded at $3.13, off 84% from its high.
Observations
GCT Semiconductor's revenue wasComplete Story »
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