The firm said in an SEC filing that it is looking to raise up to $86.25M in an IPO on the Nasdaq as MLNX. The firm develops chips used by storage and server manufacturers to connect devices. The company reported that it earned $3.2M on revenues of $42.0M in fiscal 2005, and earned $550,000 on revenues of $19.3M in the six months ending June 30, 2006. The firm is backed by Sequoia Capital, U.S. Venture Partners, and Intel Capital. The IPO is being underwritten by Credit Suisse, JPMorgan, Thomas Weisel Partners, and Jeffries & Co.