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.

To read the full article, click here

×
Semiconductor IP