SANTA CLARA, Calif., March 28, 2011 –Inphi Corporation (NYSE: IPHI) today announced the launch of a public offering of approximately 3.9 million shares of common stock. Inphi is offering for sale to the public 100,000 shares of its common stock and certain stockholders are offering for resale to the public approximately 3.8 million shares of Inphi’s common stock owned by them. Certain selling stockholders will grant to the underwriters of the common stock offering an option to purchase up to approximately 0.5 million shares of additional common stock to cover over-allotments, if any. Inphi intends to use the proceeds from this offering for general corporate purposes. Inphi will not receive any proceeds from the sale of the shares by the selling stockholders in the offering.
Morgan Stanley & Co. Incorporated and Deutsche Bank Securities Inc. are acting as book-running managers for the offering. RBC Capital Markets, LLC, Stifel Nicolaus & Company, Incorporated, Needham & Company, LLC and Oppenheimer & Co. are acting as co-managers for the offering.
The offering may be made only by means of a prospectus, copies of which may be obtained from Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, NY 10014, Attn: Prospectus Department, by calling 866-718-1649 or by emailing firstname.lastname@example.org; or from Deutsche Bank Securities Inc., 100 Plaza One, Jersey City, New Jersey 07311, Attn: Prospectus Department, by calling 800-503-4611 or by emailing email@example.com.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale is unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Inphi Corporation is a provider of high-speed analog semiconductor solutions for the communications and computing markets, providing high signal integrity at leading-edge data speeds that are designed to address bandwidth bottlenecks in networks, minimize latency in computing environments and enable the rollout of next generation communications infrastructure. Inphi’s solutions provide a vital interface between analog signals and digital information in high-performance systems, such as telecommunications transport systems, enterprise networking equipment, enterprise and data center servers, storage platforms, test and measurement equipment and military systems.
Forward-Looking Statements: This press release contains forward-looking statements relating to Inphi’s expectations regarding the completion of the offering. These forward-looking statements are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include, but are not limited to, uncertainties and risks related to the satisfaction of customary closing conditions relating to the public offering. There can be no assurance that the public offering will be completed on the anticipated timeframe or at all. Additional risks and uncertainties can be found in the annual report on Form 10-K for the year ended December 31, 2010 previously filed by Inphi with the Securities and Exchange Commission (including information under the caption “Risk Factors”). Any forward-looking statement included in this release speaks only as of the date of this communication; the Company disclaims any obligation to update any information.