Mountain View-Based NetLogic Prices $169.9 Million Offering

Mountain View, Calif. -- NetLogic Microsystems, a Mountain View-based developer of processors used in equipment such as switches, routers, wireless base stations and security appliances, said on Friday that it has priced a stock offering that's expected to raise $169.9 million. NetLogic said that it will sell 5.9 million shares -- including 2.7 million owned by former shareholders of RMI, which the company acquired last year -- for $28.85 each. Proceeds to the company, itself, are expected to be $92.3 million. The news helped drive up shares of NetLogic nearly 4% in Friday's trading on the Nasdaq.
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