Freescale (FSL) IPO to price at $18/share

May 25, 2011 4:27 PM EDT
Freescale (NYSE: FSL) IPO to price at $18/share, the low end of its prior range of $18-$20/share.

Citi, Deutsche Bank Securities, Barclays Capital, Credit Suisse and J.P. Morgan are acting as joint book-running managers for the offering. Goldman, Sachs & Co., RBC Capital Markets, UBS Investment Bank, Sanford C. Bernstein, Gleacher & Company, Oppenheimer & Co., Pacific Crest Securities and Piper Jaffray are acting as co-managers for the offering.

Freescale Semiconductor is a global leader in the design and manufacture of embedded semiconductors for the automotive, consumer, industrial and networking markets. The company is based in Austin, Texas, and has design, research and development, manufacturing and sales operations around the world.


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