Freescale files for IPO to raise $1 billion

Peter Clarke, EETimes
5/9/2011 9:30 AM EDT

LONDON – Freescale Semiconductor, the U.S. chip company that spun off from Motorola in 2004 and taken private by a private equity consortium in 2006, has filed for an initial public offering of common shares.

Freescale Semiconductor Holdings I Ltd. of Bermuda plans to sell 43,500,000 common shares at a price of between $22 and $24 per share, which would raise between $957 million and $1.04 billion. This would be about one fifth or sixth of the shares outstanding after the issuance of the shares.

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