Passave, a developer of EPON chipsets, filed a registration statement with the United States Securities and Exchange Commission for the initial public offering of its common stock. Merrill Lynch & Co. will act as the sole book running manager for the offering with JPMorgan acting as joint lead-manager. CIBC World Markets and Jefferies Broadview will act as co-managers.
Passave supplies FTTH semiconductors for ONTs and OLTs. The company's GigaPASS architecture integrates gigabit PON to Ethernet interfaces, wire speed protocol processing and programmable features . The company maintains offices in Santa Clara, California, Herzliya, Israel and Tokyo, Japan with customer support teams in China and Korea. http://www.passave.com
- Investors in Passave have included Walden, BRM, Eurofund, Intel Capital and private investors including Ray Stata, founder and chairman of the board of Analog Devices Inc.
- The company was founded in 2001.
