Entropic Sets IPO Terms

Entropic Communications Inc., a San Diego-based provider of home networking for digital entertainment, has set its IPO terms to 10 million common shares being offered at between $9 and $11 per share. It would have an initial market cap of approximately $766 million, were it to price at the high end of its range. The company plans to trade on the Nasdaq under ticker symbol ENTR, with Credit Suisse and Lehman Brothers serving as co-lead underwriters.

 

Entropic has raised over $75 million in total VC funding since 2001, from firms like Anthem, CMEA, Comcast, Revolution, Cisco Systems, Intel Capital, Liberty Associated Partners, Mission Ventures, Motorola Ventures, Panasonic Ventures, Redpoint Ventures, Time Warner and YAS Broadband Ventures. www.entropic.com