SAN FRANCISCO—Switch chip vendor Mellanox Technologies Ltd. Monday (Sept. 19) announced it intends to sell more than 3.4 million ordinary shares in an initial public offering, subject to market conditions and other considerations.
Mellanox (Sunnyvale, Calif.) said it would offer 3 million ordinary shares and authorize its underwriters the ability to buy up to 450,000 ordinary shares to cover overallotments, if any.
Mellanox said it would use use the net proceeds from the IPO for general corporate purposes, including working capital and potential strategic investments.
In April, Mellanox began sampling its SwitchX chip with virtual protocol interconnect, described as the first switch chip that can operate as an an InfiniBand switch or Ethernet switch.
Join our online Radio Show on Friday 11th July starting at 2:00pm Eastern, when EETimes editor of all things fun and interesting, Max Maxfield, and embedded systems expert, Jack Ganssle, will debate as to just what is, and is not, and embedded system.