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.
Freescale reported sales for 2010 of $4.46 billion, a 27 percent increase over 2009. The company reported a net loss for the year in accordance with generally accepted accounting principles of $1 billion.
According to the S-1 filing made with the SEC Friday, Freescale's underwriters for the IPO include Citigroup Inc., Barclays Capital, Credit Suisse, Deutsche Bank Securities and JP Morgan.
@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.
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