Intel Capital-backed Parade Technologies launches Taiwan IPO

San Jose-based Parade Technology is the fourth Intel Capital portfolio company to hold an IPO in 2011. It follows BCD Semiconductor, which launched on the NASDAQ on January 31, Phoenix New Media, which launched on the New York Stock Exchange on May 13, and Taiwan's Gudeng Precision Industrial, which listed on Taiwan's GreTai Securities Market August 31.

Intel Capital first invested in Parade Technology in 2007, followed by an additional investment in 2009. The company develops and supplies integrated display and display interface solutions to worldwide clients.

"We congratulate Parade Technologies on the successful completion of their initial public offering," Mike Buckley, managing director of Intel Capital, said in a statement. "Their commitment to innovation in display-interface technology helps ensure that consumer electronics and computing devices keep pace with end-user demand for high-performance, high-definition displays."

Intel Capital completed 76 investments totaling $273 million in the first six months of this year. Since 1991, Intel Capital has invested more than $10 billion in 1,140 companies.

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• Topics
• Technology
• Venture
• Greater China
• Intel Capital