Peregrine Semiconductor Corp., a fabless provider of high-performance radio-frequency (RF) integrated circuits (ICs), announced the pricing of its initial public offering of 5,500,000 shares of common stock at a price to the public of $14 per share. The shares are expected to begin trading on the NASDAQ Global Market on August 8, 2012 under the ticker symbol "PSMI."

Of the 5,500,000 shares being offered, 5,340,780 are being offered by Peregrine and 159,220 shares are being offered by certain selling stockholders. The company will not receive any proceeds from the sale of shares by the selling stockholders. Peregrine has also granted the underwriters a 30-day option to purchase up to 825,000 additional shares of common stock from Peregrine.

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 prospectus.cpdg@db.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.