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NXP Semiconductors prices IPO at $14.00, below the range

August 5, 2010

NXP Semiconductors, a diversified global semiconductor company and former carve-out of Phillips, raised $476 million on Thursday by offering 34 million shares at $14.00, well below the $18.00 to $21.00 proposed range. NXP Semiconductors plans to list on the NASDAQ under the symbol NXPI. Credit Suisse, Goldman, Sachs & Co. and Morgan Stanley acted as lead managers on the deal.