Mobile TV Tech Firm Telegent Files For Potential $250 Million IPO
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Telegent Systems, a mobile TV receiver developer, has filed for an IPO—potentially worth $250 million—per an SEC filing. Telegent plans to trade on Nasdaq under the “TLG” symbol; the IPO is being co-managed by Jefferies & Company, Oppenheimer & Co., and Piper Jaffray.
SEE ALSO: Mobile TV Developer Telegent Systems Raises $20 Million Third Round
The company is backed by over $50 million in funding from Northern Light Venture Capital, Index Ventures, New Enterprise Associates and Walden International; its most recent raise was a $20 million third round in 2007.
Sunnyvale, Calif.-based Telegent has its mobile video chipsets in more than 80 handsets, with most of its traction in “emerging” mobile content markets like China and Brazil. The company was founded in 2004 by former Berkana Wireless exec Weijie Yun, and LSI Logic vet Samuel Sheng. Release.
Posted In: Mobile, Money, IPO, Technologies / Formats, telegent
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