Siano Sets Sights on U.S. Mobile-Television Market, Possible IPO
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Siano Mobile Silicon Ltd., an Israeli maker of TV chips for mobile devices, is planning a push into the U.S. next year, setting the stage for an initial public offering filing as early as 2012.
Siano, whose chips let gadgets receive digital TV signals, has had conversations with bankers and is weighing a U.S. filing next year or in 2013, Chief Executive Officer Alon Ironi said in an interview. The company hasn’t set a date for the move, and the timing may depend on how quickly digital mobile TV takes off with Americans, he said.