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Markets > IPOs
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Magma raises $63 million
graphic November 19, 2001: 7:22 p.m. ET

Chip design software firm prices above its expected range at $13 per share.
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NEW YORK (CNN/Money) - Magma Design Automation Inc., a provider of chip design software, raised more than $63 million Monday ahead of its initial public offering.

Magma sold 14.85 million shares at $13 each via lead underwriter Credit Suisse First Boston, above its already boosted terms.

The company upped its planned deal to 4.85 million shares at $11-to-$12  each Monday, up from 4 million at $9-to-$11 each. 

Cupertino, Calif.-based Magma offers software that cuts the time it takes to produce communications, networking and semiconductor chips.

Magma plans to trade under "LAVA" on the Nasdaq stock market Tuesday. graphic





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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

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