# Broadcom (Avago) — Capital Time Machine

Today’s AVGO investment path begins with Avago’s 2009 IPO. It must not be spliced onto legacy Broadcom Corporation’s different 1998 IPO history.

Canonical citation: https://capitaltimemachine.com/private/broadcom

Ticker: AVGO
Sector: Semiconductors & infrastructure software
Public-market route: IPO
Evidence reviewed: 2026-09-24

## How to use this research

Selected historical funding and listing evidence, not a complete private cap table or live quote. Funding totals, company valuations and per-share prices are different measures. A hypothetical value is not actual sale proceeds; investor access is not established.

## Funding and listing history

### sponsors — Sponsor-backed Avago formation

Date: 2005
Event type: Buyout financing

Avago emerged from the acquisition of Agilent’s semiconductor products business by investors including KKR and Silver Lake. The buyout history is separate from a retail share price.

Source: [Avago IPO announcement · Silver Lake](https://www.silverlake.com/avago-technologies-limited-prices-initial-public-offering/)
Source location: Sponsor announcement describing the 2005 acquisition and 2009 offering.

### ipo — Avago public offering

Date: 2009-08-06
Event type: IPO

43.2 million shares at $15: 21.5 million issued by Avago and 21.7 million sold by existing holders. Combined gross proceeds were $648 million; company gross proceeds were $322.5 million.

Reported capital or financing: $322.5 million issuer gross; $648 million combined gross

Reported price: $15

Source: [Avago prices its 2009 IPO](https://investors.broadcom.com/news-releases/news-release-details/avago-technologies-limited-prices-initial-public-offering)
Source location: August 2009 release: $15, 21.5 million issuer shares and 21.7 million selling-holder shares; sponsor-backed company background.

Source: [Avago IPO announcement · Silver Lake](https://www.silverlake.com/avago-technologies-limited-prices-initial-public-offering/)
Source location: Sponsor announcement describing the 2005 acquisition and 2009 offering.

### split — Ten-for-one AVGO split

Date: 2024-07-15
Event type: Share basis

Ten shares per original AVGO share after the split. The model follows Avago’s continuing share lineage.

Source: [Broadcom June 2024 Form 8-K](https://www.sec.gov/Archives/edgar/data/1730168/000173016824000077/avgo-20240612.htm)
Source location: Ten-for-one split; split-adjusted trading July 15, 2024.

Source: [Broadcom July 2024 Form 8-K](https://www.sec.gov/Archives/edgar/data/1730168/000114036124033072/ny20032136x6_8k.htm)
Source location: Completed ten-for-one stock split.

## Documented share calculations

### ipo — IPO offer price · $15

Starting price: 15 USD per starting share
Starting date or context: IPO · 2009-08-06

Base conversion: 1 common-share equivalents per starting share, before dated public splits

Starts at the public offering, not a private funding round. Uses the original offer price and the share adjustments documented below.

Public trading begins: 2009-08-06
Supported ending dates begin: 2009-08-06
Share basis reviewed through: 2024-07-15

The ending share price and its date must be supplied by the user.

Formula: amount ÷ 15 × (1) × applicable dated public splits × ending share price. 

Source: [Avago prices its 2009 IPO](https://investors.broadcom.com/news-releases/news-release-details/avago-technologies-limited-prices-initial-public-offering)
Source location: August 2009 release: $15, 21.5 million issuer shares and 21.7 million selling-holder shares; sponsor-backed company background.

Source: [Broadcom June 2024 Form 8-K](https://www.sec.gov/Archives/edgar/data/1730168/000173016824000077/avgo-20240612.htm)
Source location: Ten-for-one split; split-adjusted trading July 15, 2024.

Source: [Broadcom July 2024 Form 8-K](https://www.sec.gov/Archives/edgar/data/1730168/000114036124033072/ny20032136x6_8k.htm)
Source location: Completed ten-for-one stock split.

## Later share adjustments

2024-07-15: multiply share units by 10.
Source: [Broadcom June 2024 Form 8-K](https://www.sec.gov/Archives/edgar/data/1730168/000173016824000077/avgo-20240612.htm)
Source location: Ten-for-one split; split-adjusted trading July 15, 2024.
Source: [Broadcom July 2024 Form 8-K](https://www.sec.gov/Archives/edgar/data/1730168/000114036124033072/ny20032136x6_8k.htm)
Source location: Completed ten-for-one stock split.

No separate share-class distribution is modeled.

## Coverage gaps and limitations

- Sponsor buyout funding is not a verified per-share subscription available to individuals; the calculator starts at Avago’s IPO.

- Legacy Broadcom BRCM’s 1998 offering is a separate share lineage and is not used in this AVGO calculation.

Entered prices and later-date share-basis assumptions are unverified. Excludes fees, taxes, dividends, warrants and other distributions; fractional shares are illustrative. Historical investor allocations, minimums and selling rights are not established.

Methodology: https://capitaltimemachine.com/methodology

Research terms: https://capitaltimemachine.com/terms