NXP Semiconductors, a Dutch global semiconductor company that was spun off of Philips Electronics in 2006, filed on Friday with the SEC to raise up to $1.2 billion in an initial public offering. The semiconductor company, which was taken private by KKR, Bain and others, booked a net loss of $161 million on $3.8 billion in sales last year. NXP filed with the SEC under the name KASLION Acquisition B.V. with Credit Suisse, Goldman, Sachs & Co., Morgan Stanley, BofA Merrill Lynch and Barclays Capital set to be the bookrunners on the deal. Pricing terms and timing were not disclosed.
