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TXN - Allegro Microsystems Pursues $325 Million IPO
Texas Instruments Incorporated
Allegro Microsystems has filed proposed terms for its U.S. IPO.
The firm designs and markets sensors for the automotive and industrial sectors.
ALGM has suffered revenue decline due to the Covid-19 pandemic and I believe will continue to produce sub-par results until well into 2021, so I'll pass on the IPO.