First-Day Trading Lifts MaxLinear Shares 33 Percent Above IPO Price

Eager investors boosted the stock of Carlsbad, CA-based MaxLinear (NYSE: 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.

Bruce V. Bigelow was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Follow @bvbigelow

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