SAN JOSE, Calif.--March 14, 2011--Apache Design Solutions, Inc., a leading provider of innovative power analysis and optimization solutions that enable the design of power-efficient, high-performance, noise-immune ICs and electronic systems, today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) for a proposed initial public offering of its common stock to be sold by the company and certain of its stockholders. The number of shares to be offered and the price range for the offering have not yet been determined.
Deutsche Bank Securities is acting as the sole book-running manager for the offering. Needham & Company, LLC, Canaccord Genuity, ThinkEquity LLC and D.A. Davidson & Co. are the co-managers of the offering.
The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from Deutsche Bank Securities Inc., Attention: Prospectus Department, Harborside Financial Center, 100 Plaza One, Jersey City, New Jersey, 07311-3988, telephone (800) 503-4611, or by e-mailing prospectus.cpdg@db.com.
A registration statement relating to shares of the common stock of Apache Design Solutions, Inc. has been filed with the SEC but has not yet become effective. These shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.