initial public offerings (IPOs) trading on American exchanges

Saturday, June 25, 2011

Chip Company ClariPhy Plans IPO

ClariPhy Communications Inc., which makes high-speed optical networking signal processors, plans to eventually go public, according to Reza Norouzian, vice president of world wide sales and business development.

Norouzian declined to discuss the timing, but said an IPO was "not far away."

"We believe that we're one of the few semiconductor companies left that have a very strong possibility of an IPO exit," Norouzian said. "We're very focused and committed to getting there."

ClariPhy was founded in 2004 and is headquartered in Irvine, California. It has about 105 employees, Norouzian said.

The company announced that it had raised $14 million in new financing this week and plans to hire between 30 and 40 people in the next 12 months, the majority of them engineers. The financing round was led by Nokia Siemens Networks.

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