With the year-end IPO calendar coming into clearer focus, it looks like there will be at least five more venture-backed offerings in 2001.
Of the 80 IPOs that have priced so far this year, only 37 have been venture-backed. The most recent was Magma Design Automation Inc. (NNM:LAVA), a semiconductor chipset company which last received funding July 31, a $25 million funding round from eight private equity investors.
Today, Magma priced 4.85 million shares at $13.00, for a total take of $63.05 million via lead underwriter Credit Suisse First Boston. The company yesterday increased its number of shares offered from $4 million, and its offering price range to $11 to $12 per share from $9 to $11 per share. It begins trading on the Nasdaq today.
On tap for the week of Dec. 3 is Lawson Software Inc. (Proposed NNM:LWSN), a maker of customer relationship planning software, which plans to raise $208 million via a