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Freescale files for $1.15 billion IPO

2/11/2011 08:25 PM EST
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subman
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re: Freescale files for $1.15 billion IPO
subman   2/11/2011 9:39:15 PM
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What % are they offering for 1.15B...i.e. what are they valuing the company at? Kind of an important data point missing from the article here.

mcgrathdylan
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re: Freescale files for $1.15 billion IPO
mcgrathdylan   2/12/2011 12:01:49 AM
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@subman- this information is not contained in the S-1. Freescale disclosed the proposed maximum aggregate offering price ($1.15 billion) and the amount of registration fee ($133,515), but did not say how many shares it would offer, the proposed price of the shares or the percentage of the company that is being offered for sale. Presumably these details are to come.

AlunWang
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re: Freescale files for $1.15 billion IPO
AlunWang   2/12/2011 2:48:14 AM
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Only 1.15B, I am a little curious how they value a company?

Ash
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re: Freescale files for $1.15 billion IPO
Ash   2/12/2011 5:39:03 AM
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They made $1 B in loss. Private equity companies want out and hence the IPO. They have been making a loss since 2007. The company got in serious trouble after private equity purchased them.

wave.forest
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re: Freescale files for $1.15 billion IPO
wave.forest   2/12/2011 3:39:10 PM
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Only $1.5B for a compamny with ~$4.5B sales? The article seems not giving a clear explanation. Somehow, I have difficult to unserstand the writing: "sixth straight quarter of revenue growth" and $1B loss? The more they sell, the more they maks loss? What a logic?!

eewiz
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re: Freescale files for $1.15 billion IPO
eewiz   2/12/2011 4:27:16 PM
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I guess 1.15B is only for a small portion of the company. Normally companies release ~5-20% stock when they for an IPO. Based on that the valuation could be around 5-20B.

daleste
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re: Freescale files for $1.15 billion IPO
daleste   2/12/2011 5:27:49 PM
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It's good to see Freescale going public. They do have a lot of debt from the buyout. It will take years to repay.

mcgrathdylan
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re: Freescale files for $1.15 billion IPO
mcgrathdylan   2/12/2011 5:50:41 PM
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@wave.forest- Freescale has been on a roll in terms of growing revenue, but the debt that the company carries (from the Blackstone acquisition) still hinders the company. Little by little Freescale pays off/amortizes this debt. In fact, it appears that the IPO money is going to be used to pay down debt. As for what percentage of the company is up for sale, I'm curious about that myself, but I'm sure that it's not the entire company. Thanks for reading.

wave.forest
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re: Freescale files for $1.15 billion IPO
wave.forest   2/13/2011 1:16:13 PM
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thank you very much for the detailed explanation, thewhiz :) I think you write better than the EETimes.

yalanand
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re: Freescale files for $1.15 billion IPO
yalanand   2/13/2011 4:21:07 PM
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I guess this is good time for any company to take IPO route. Markets are slowly picking up and am sure Freescale will find enough buyers. But I still don't understand why did it got unlisted back in 2006 ?

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