Irvine-based memory products maker Netlist Inc. on Tuesday filed details about its plans to raise as much as $57 million in an initial public offering.
Netlist, which makes memory boards for Dell Inc. and other computer makers, said in a Securities and Exchange Commission filing it plans to offer 6.3 million shares at $7 to $9.
The company could see a market value of $175 million after the offering. Netlist executives plan to sell 719,000 shares in the offering.
A date for the offering hasn’t been set yet.
Netlist wants to use the money to make acquisitions, pay down around $1 million in debt and start production in China, according to an earlier SEC filing.
The company is one of several local memory products makers, a sector dominated by Fountain Valley-based Kingston Technology Co.
If Netlist follows through, it will become one of just a few publicly traded memory module companies, along with Santa Ana-based SimpleTech Inc. and Fremont-based Smart Modular Technologies Inc.
