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Chinese fabless company plans $225 million IPO

Posted: 26 Oct 2005 ?? ?Print Version ?Bookmark and Share

Keywords:actions semiconductor? fabless? ipo? soc? socs?

Chinese fabless semiconductor company Actions Semiconductor said Monday (Oct. 24) that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) and plans an initial public offering on the Nasdaq National Market.

Actions Semiconductor, which provides SoCs for personal media or MP3 players, said in the filing that intends to raise $225 million. The company said it earned more than $109 million in the first nine months of 2005, a 337 percent increase over the same period of 2004.

Actions Semiconductor is currently involved in a U.S. patent dispute with SigmaTel Inc.

Credit Suisse First Boston LLC is the lead underwriter and sole bookrunner for the offering, according to Actions Semiconductor (Zhuhai, China).

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