Intel-backed Altera IPO targeting over $2 billion by 2026
Silver Lake and Intel are guiding a potential listing for Altera that could raise more than $2 billion. The Silicon Valley firm plans to file confidentially within weeks while major investment banks prepare to underwrite the deal.
People familiar with the matter indicate Silver Lake and Intel-backed Altera is preparing an initial public offering expected to raise over $2 billion. This transaction could happen as early as 2026, though the company intends to file confidentially in the coming weeks. A listing might occur by this year if schedules allow, but sources caution plans regarding timing and size remain subject to change. The San Jose, California-based entity has selected Barclays, Citigroup, JPMorgan Chase, and Morgan Stanley as underwriters. Although three of these parties are confirmed in the lineup, the specific order among them remains unfinalized. Silver Lake, Citi, Intel, and other parties declined to comment on the developments.
