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Freescale Eyes $1.15B Via IPO
Freescale Semiconductor is seeking to raise about $1.15 billion through an initial public offering.
Freescale Semiconductoris seeking to raise about $1.15 billion through an initial public offering,The Wall Street Journalreports. The Texas-based company intends to use the net proceeds to pay down the balance of a $764 million loan maturing next year and other debt, addsBloomberg.
The chipmaker, partly owned byBlackstone Group, appointedDeutsche BankandCitigroup处理股票发行.The company piled on debt after it was taken private by Blackstone,TPG,CarlyleGroupandPermira Advisers在a $17.6 billion deal in 2006.
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