Freescale Semiconductor (NYSE: FSL) priced its initial public offering of 43,500,000 common shares at $18 per share.
The common shares are expected to begin trading on May 26, 2011, on the New York Stock Exchange under the symbol “FSL.”http://www.freescale.com
- For Q1 2011, Freescale Semiconductor reported net sales for the first quarter of 2011 of $1.19 billion, compared to $1.18 billion in the fourth quarter of 2010 and $1.02 billion in the first quarter last year. The loss from operations for the three months ended April 1, 2011 was $3 million, compared to
a profit of $17 million in the fourth quarter of 2010 and a loss of $61 million in the first quarter
of 2010. The net loss for the first quarter of 2011 was $148 million, compared to a loss of $10.