Tuesday, October 25, 2005
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 system-on-chips (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).
By: DocMemory
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