Avago Technologies Ltd. of Singapore has set its IPO terms to 36 million common shares being offered at between $13 and $15 per share. It plans to trade on the Nasdaq under ticker symbol AVGO, with Deutsche Bank Securities, Barclays Capital, Morgan Stanley and Citi serving as co-lead underwriters.
Avago is the former semiconductor unit of Agilent Technologies, which was acquired by KKR and Silver Lake Partners in 2005 for approximately $2.66 billion. It would be valued at over $3.5 billion, were it to price at the high end of its IPO range. www.avagotech.com