Sunday, November 22, 2009

Telegent Systems Files for IPO

Telegent Systems, a start-up based in Sunnyvale, California, filed SEC papers for a proposed initial public offering of its common shares. The number of common shares to be sold in the offering and the price range for the proposed offering have not yet been determined. Goldman, Sachs & Co. and J.P. Morgan Securities Inc. are acting as joint book-runners, and Jefferies & Company, Inc., Oppenheimer & Co. Inc. and Piper Jaffray & Co. are acting as co-managers for the proposed offering.

Telegent Systems specializes in highly-integrated, high-performance, CMOS RF and mixed-signal chips for the reception of live, free-to-air analog and DVB-T digital broadcast television in mobile handsets and other portable consumer devices.

  • In October, Telegent appointed Dr. Samuel Sheng as its new CEO. Sheng has served as Telegent's Chief Technology Officer and executive Chairman of the Board since co-founding the company. In tandem with Sheng's appointment, Dr. Weijie Yun, the driving force behind Telegent since co-founding the company with Sheng in 2004, took up Sheng's prior post of executive Chairman of the Board and carry operational responsibility for key strategic initiatives.

    Sheng's appointment coincided with a new milestone for the company which has realized significant uptake of its free-to-air analog mobile TV products, shipping a record 50 million mobile TV receivers since mid-2007.Telegent's products deliver a quality mobile TV viewing experience for analog broadcast standards, providing consumers around the world with mobile access to the same, live free-to-air programming that they receive on conventional TV sets.