Wednesday, August 24, 2005

Passave Files for IPO

Passave, a developer of EPON chipsets, filed a registration statement with the United States Securities and Exchange Commission for the initial public offering of its common stock. Merrill Lynch & Co. will act as the sole book running manager for the offering with JPMorgan acting as joint lead-manager. CIBC World Markets and Jefferies Broadview will act as co-managers.

Passave supplies FTTH semiconductors for ONTs and OLTs. The company's GigaPASS architecture integrates gigabit PON to Ethernet interfaces, wire speed protocol processing and programmable features . The company maintains offices in Santa Clara, California, Herzliya, Israel and Tokyo, Japan with customer support teams in China and Korea.

  • Investors in Passave have included Walden, BRM, Eurofund, Intel Capital and private investors including Ray Stata, founder and chairman of the board of Analog Devices Inc.

  • The company was founded in 2001.


Post a Comment

See also