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Chinese wireless chipset designer Spreadtrum prices 9 million ADSs at $14, above the range

June 26, 2007

Spreadtrum Communications, a fast-growing Chinese designer of wireless baseband processor ICs, priced its IPO of just under 9.0 million ADSs at $14, above its proposed $11-$13 range. Morgan Stanley and Lehman Brothers acted as lead managers on the deal. The stock is expected to open on Wednesday under the symbol "SPRD" on the Nasdaq.