Friday, February 11, 2011

Freescale Files For IPO

Austin-based Freescale Semiconductor has filed for an IPO, saying Friday in a filing with the SEC that it is looking to raise up to $1.15 billion on either the New York Stock Exchange or the Nasdaq Global Market. The IPO is being underwritten by Citi, Deutsche Bank Securities, Barclays Capital, Credit Suisse, and JPMorgan. Freescale was acquired by private equity firms Blackstone Group, TPG Capital, Carlyle Group, and Permira Advisers in 2006 in a $17.6 billion buyout. The firm was originally spun out of Motorola in 2004.