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SunEdison Semiconductor prices IPO at $13, the low end of the range

May 21, 2014

SunEdison Semiconductor, a leading silicon wafer manufacturer for semiconductors spun off of SunEdison, raised $94 million by offering 7.2 million shares (all primary) at $13, at the low end of the range of $13 to $15. The company also raised $100 million from major customer Samsung in a concurrent private placement. SunEdison Semiconductor plans to list on the NASDAQ under the symbol SEMI. Deutsche Bank, Goldman Sachs, Wells Fargo Securities and Macquarie Capital acted as lead managers on the deal.