Cavium Networks has strong IPO
Cavium Networks, the Mountain View, Calif. semiconductor company saw its stock price rise a strong 22 percent in trading after its initial public offering.
Cavium provides semiconductor processors for networking equipment that processes voice, video and data content. The company is losing money.
Venture capital firms invested more than $60 million into the company since 2000. Menlo Ventures is the largest shareholder, with 25 percent ownership, down from 29.9 percent pre-IPO, followed by Alliance Ventures, which owns 13.9 percent, Diamonhead Ventures, owning 7.7 percent, and NeoCarta Ventures, 4.6 percent.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
