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July 30, 2007 – Entropic Communications, a US manufacturer of chips for digital-home equipment, has filed an S-1 form with the US Securities and Exchange Commission (SEC), the first step on the road to an Initial Public Offering (IPO) of shares.
Entropic hopes to raise up to $100mn for general corporate purposes, according to the filing, but has not announced a price range or the number of shares it plans to offer. Entropic’s IPO is being underwritten by Credit Suisse, Lehman Brothers, Thomas Weisel Partners, JMP Securities and ThinkEquity Partners. The company reportedly wishes to trade on the Nasdaq stock exchange.
Entropic is a founding member of the Multimedia over Coax Alliance (MoCA), which seeks to run home networks over coax wiring at speeds of up to 270 Mbps. Entropic is also the only high-volume supplier of MoCA-compliant chipsets, with customers including Motorola, Jabil Circuit and Actiontec Electronics. Operators which have deployed equipment using the MoCA standard include Verizon Communications, Comcast and Echostar Communications.
The IPO follows on the heels of another filed earlier this month by Intellon, developer of chips that run the HomePlug Powerline Alliance standard for networking on power lines.
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