Goldman, Sachs & Co. and J.P. Morgan Securities Inc. are acting as joint book-runners, and Jefferies & Co. Inc. Oppenheimer & Co. Inc. and Piper Jaffray & Co. are acting as co-managers for the proposed offering.

Telegent's TV receivers are single-chip CMOS solutions, enabling the reception of free-to-air broadcast TV in mobile handsets, laptops and netbooks, and other portable devices.

Telegent recently announced a single-chip CMOS hybrid TV receiver, designed to allow the integration of live analog TV (PAL/SECAM/NTSC) and Europe's DVB-T digital TV in laptops, netbooks and mobile internet devices. Telegent, by adding digital TV reception capability to its claim-to-fame analog TV receiver, hopes to muscle its way into the PC TV market.

In ICs, IPO are rare these days. But one company, MaxLinear Inc., a provider of CMOS-based radio-frequency analog and mixed-signal semiconductors, recently announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering.