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Freescale Raises $783M Via IPO
Freescale Semiconductor has raised $783 million through an initial public offering.
Freescale Semiconductorhas raised$783 million through an initial public offering (IPO),金融时报》reports. The private equity-owned chipmaker, which sold 43.5 million shares for $18 each, had expected to raise over $1 billion through the share sale, addsReuters.
The proceeds are expected to be used to repay the unsecured portion of Freescale’s $7.6 billion long-term debt.CitigroupandDeutsche Bank Securitiesled the underwriters on the offering.
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