Faroudja Files for $34.5-Million IPO

Faroudja Inc., a company that develops and sells products that enhance video images, plans to raise as much as $34.5 million in an initial public offering. The Sunnyvale-based company filed with the Securities and Exchange Commission for the stock sale, saying it will use the proceeds for research and development, additional personnel and possible acquisitions. Faroudja didn’t say how many shares it would sell or the price shares would sell for. Faroudja’s products improve displayed images to create cinema-like quality. The company’s products reduce picture imperfections associated with current analog broadcast signals and produce a clearer picture, according to the filing.