Qimonda AG, the world's second largest supplier of DRAM memory chips and a spin-off of Infineon, priced 42 million ADS (21 million ADS less than expected) at $13, a 24% discount to its initially proposed $16-$18 range. Credit Suisse, Citigroup and JP Morgan acted as joint book-running manager for the offering. The stock is expected to commence trading on the NYSE under the ticker symbol QI on Wednesday.
