Reuters reported, citing people familiar with the matter, that Altera is preparing an initial public offering of more than $2 billion and could hold it as early as 2026. Barclays, Citi, JPMorgan and Morgan Stanley are reportedly the selected arrangers. [1 · Reuters]
The timing, size and valuation of the offering may still change, and no public registration documents have been submitted. The article therefore reflects preparations, rather than a confirmed launch of the offering. [1 · Reuters]
Expert commentary
Intel bought Altera for $16.7 billion in 2015, then sold a 51% stake to Silver Lake in 2025 for $4.46 billion, valuing the whole company at $8.75 billion. Intel retained the remaining 49%. [1 · Reuters]
the offering would give the market a separate valuation for the field-programmable gate array (FPGA) business, whose products are in demand for data centers, robotics and specialized computing. It would also create a new way for Intel to monetize its remaining stake. [1 · Reuters]
Expert commentary
Intel bought Altera for $16.7 billion in 2015, then sold a 51% stake to Silver Lake in 2025 for $4.46 billion, valuing the whole company at $8.75 billion. Intel retained the remaining 49%. [1 · Reuters]
the offering would give the market a separate valuation for the field-programmable gate array (FPGA) business, whose products are in demand for data centers, robotics and specialized computing. It would also create a new way for Intel to monetize its remaining stake. [1 · Reuters]