Silver Lake, Intel-backed Altera prepares IPO that could raise over $2 billion as early as 2026

NEW YORK: Silver Lake and Intel -backed chipmaker Altera is preparing for an initial public offering that could raise over $2 billion as early as 2026, according to people familiar with the matter, in one of the largest semiconductor listings in recent years.

Silver lake has tapped Barclays, ‌Citi, JPMorgan, and Morgan Stanley ⁠as ⁠underwriters for the Altera IPO; however, the order of banks in the lineup is yet to be finalized, three of the sources said, who requested anonymity because the discussions are confidential.