GCT Semiconductor Files for $100M IPO

GCT Semiconductor Inc., a maker of mobile semiconductor software, has filed with U.S. regulators to raise up to $100 million in an initial public offering. The company said it plans to use about $12.1 million of the proceeds to repay debt. The rest will go toward working capital and general corporate purposes. Goldman Sachs, BofA Merrill Lynch, Cowen and Co, and Oppenheimer & Co. are listed as underwriters. The company has reportedly raised more than $70 million in private capital from investors including Pequot Ventures, Samsung Ventures and Parakletos Ventures.

DealsNorth AmericaUSBriefs