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Mellanox and the IPO

Mellanox is gearing up for an IPO stock round that is expected to raise the company $70M (share prices are expected to be $12 to $14). Mellanox is best known to us as a major supplier of Infiniband chips. From the release:

The company plans to use the money raised through the IPO for general corporate purposes, including sales, marketing, research, development, general administrative and capital expenditures, or to invest in companies with complementary businesses.

The company competes against QLogic Corp on InfiniBand, and against Emulex Corp., Broadcom, QLogic and Myricom in the alternative energy integrated circuit market.

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