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4G chip supplier GCT Semiconductor postpones $60 million IPO

By Renaissance Capital,  March 01, 2012, 08:02:31 AM EDT

GCT Semiconductor, a fabless supplier of 4G LTE and WiMAX wireless chips, postponed its IPO on Thursday. The San Jose, CA-based company was founded in 1998 and booked $87 million in sales for the 12 months ended 12/31/11. BofA Merrill Lynch was set to be the lead underwriter on the deal.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, IPOs

Referenced Stocks: GCTS



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