Freescale files for $1.15 billion IPO

Dylan McGrath, EETimes
2/11/2011 3:25 PM EST

SAN FRANCISCO—Freescale Semiconductor Inc. Friday (Feb. 11) filed with the U.S. Securities and Exchange Commission for an initial public offering in which it hopes to raise $1.15 billion.

Freescale (Austin, Texas), a onetime spinout from Motorola Inc., was a publicly traded company before it was bought for $17.6 billion in 2006 by a consortium of private equity firms led by the Blackstone Group.

In recent months, rumors have circled that Freescale was preparing to launch an IPO.

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