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Avago Technologies Raises Funds In IPO

Monday, August 17, 2009 5:51:00 AM PDT | VentureDeal Staff

San Jose, California  --  Specialty semiconductor company Avago Technologies has raised $648 million in an IPO.

Avago develops and sells analog, mixed signal and optoelectronic components and subsystems.

The company's stock, listed as (AVGO) rose 10% on its first day of trading from its initial public offering price of $15 and closed at $16.50 a share.

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