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Mellanox Ups IPO Target

Mellanox Technologies Inc., a Santa Clara, Calif.-based provider of interconnect solutions for servers, storage and infrastructure equipment, has increased its proposed IPO price range from $12-$14 per share to $14-$16 per share. It still plans to offer 6 million common shares and trade on the Nasdaq under ticker symbol MLNX. Credit Suisse and JPMorgan are serving as co-lead underwriters. The company has raised $89.34 million in VC funding since its 1999 inception, from firms like Intel Capital, Sequoia Capital, U.S. Venture Partners, Jerusalem Global Ventures and Walden Israel.