CoinTerra is at the stage of tape out of a 28nm chip for BTC mining (Global Foundries, 28nm HPP node, FCBGA Package, 1.4GHz clock frequency yielding a minimum of 500 GH/s per chip, operated at 0.765V). The first products based on this chip will be shipped in January.
Current value of the company is estimated at 20M USD (pre-money valuation). The company has 16 425 293 outstanding shares.
The company offers shares at 1.2176 USD per share, which was translated to 0.01 BTC.
The IPO process must be finished before 2013-10-05.