XIAMEN FIT IMPORT & EXPORT CO., LTD.
Spreadtrum files for IPO on Nasdaq
click rate:2836 issue time:2007-03-10 08:12
Feb. 12, 2007 (China Knowledge) – Spreadtrum Communications, a Mainland mobile-phone chip designer, has applied to be listed on the Nasdaq to raise US$200 million.


A public filing is the next step in the process followed by the launch of an investor road show. People familiar with the deal said earlier it would come in the middle of the year.


The company makes baseband chips, a key mobile-phone component responsible for communication and handset commands. It began producing parts in 2004 for GSM and GPRS handsets. In April, it began producing chips for the mainland's homegrown third-generation phone standard, TD-SCDMA.


Spreadtrum's main customers, such as Taiwan's Wintec Microelectronics, are highly cost-sensitive companies that bundle the chips with other parts to sell to handset makers.


Proceeds from the share sale will help the company expand production as competition heats up in a market that is worth between US$1.8 billion and US$3.6 billion a year for chips priced between US$5 and US$10.