IPHI - Inphi Corporation: Prospects And Concerns
Data is the new oil. - Clive Humby
Let us start with a story about Inphi Corporation (IPHI), a global leader in high-speed big-data movement interconnects. In late 2015, when it was a small but growing company, it issued $200 million worth of senior convertible notes due 2020 at a conversion price of approximately $40.16 per share. At that time, its stock price was $29.75 and now, as of August 28, 2020, it is $112.55. In April 2020, when IPHI's market price was $94.27, it issued 0.75% convertible senior notes due 2025