Freescale Semiconductor

Freescale Semiconductor files to raise up to USD1.15 billion in IPO

Freescale Semiconductor Holdings I, a global leader in embedded processing semiconductors and solutions LBO'd in 2006 by a group of investors including Blackstone, Carlyle, Permira and TPG Capital, filed on Friday with the SEC to raise up to $1.15 billion in an initial public offering. The Austin, TX-based company, which was originally founded in 1949 as a division of Motorola, booked $4.5 billion in sales last year. The company plans to list on the NASDAQ with Citi and Deutsche Bank Securities serving as lead underwriters on the deal. Pricing terms and timing were not disclosed.