Peregrine Semiconductor Corporation (Peregrine Semiconductor) (NASDAQ:PSMI), a fabless provider of high-performance radio-frequency (RF) integrated circuits (ICs), today announced that it has closed its previously announced initial public offering. In connection with the initial public offering, the underwriters exercised in full their option to purchase an additional 825,000 of common stock from Peregrine Semiconductor at the public offering price of $14.00 per share, less underwriting discounts and commissions. The full exercise of the option brings the total number of shares of common stock sold in the initial public offering to 6,325,000. Of the shares of common stock in the offering, Peregrine Semiconductor sold 6,165,780 shares and selling stockholders sold 159,220 shares. The aggregate net proceeds received by Peregrine Semiconductor were approximately $79.2 million, after underwriting discounts and commissions and estimated offering expenses payable by the company. Peregrine Semiconductor did not receive any proceeds from the sale of shares by the selling stockholders. Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. RBC Capital Markets LLC, Needham & Company LLC, Oppenheimer & Co. Inc., and Pacific Crest Securities LLC are acting as co-managers for the offering. A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on August 7, 2012. This offering is being made only by means of a prospectus, copies of which may be obtained from Deutsche Bank Securities Inc. (Prospectus Department, 60 Wall Street, New York, NY, 10005, +1 (800) 503-4611 or email@example.com) or J.P. Morgan Securities LLC (Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, + 1 (866) 803-9204). This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.