Entropic: Hits the home and the NASDAQ

Posted Jul 27th 2007 1:03PM by Tom Taulli
Filed under: SEC Filings, Motorola (MOT), Verizon Communications (VZ), Initial Public Offerings

According to iSuppli, the global market for home networking silicon technologies is expected to grow from $1.1 billion in 2007 to $3.1 billion in 2011.

This is certainly good news for Entropic Communications, which is a fabless semiconductor company that is focused on digital home entertainment. Now the company has filed to go public.

Founded in 2001, Entropic has built some ultra-sophisticated technologies that help with deploying HD video, as well as music, games, and photos. So far, the company has 55 corporate customers, which include Actiontec Electronics, Jabil Circuit(NYSE:JBL), and Motorola (NYSE: MOT). There are also relationships with companies like EchoStar Satellite (NASDAQ:DISH) ,Jupiter Telecommunications, and Verizon Communications(NYSE: VZ).

Last year, Entropic generated $67.6 million in revenues (with a boost from a major acquisition). Although, the company is still losing money.

The lead underwriters on the IPO include Credit Suisse (NYSE: CS) and Lehman Brothers (NYSE: LEH). The proposed ticker is "ENTR."

You can find the prospectus on the SEC website. Also, if you want to check out more recent IPO filings, click here.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.

Tags: Entropic Communications, Entropic IPO, EntropicCommunications, EntropicIpo, IPOs, Nasdaq