Freescale IPO pricing fails to impress - Mobile World Live

Freescale IPO pricing fails to impress

26 MAY 2011

The Financial Times said that semiconductor company Freescale sold shares at the bottom of an already reduced price range, raising US$783 million rather than the “billion-plus” that had been anticipated. Freescale’s owners, private equity firms Blackstone, Carlyle, Permira and TPG, are set to use the cash to reduce the chip maker’s debts – although the low valuation will also mean that these companies will make a paper loss on the value of their holdings.


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