RDA Microelectronics, a China-based fabless developer of RF and mixed-signal semiconductors for wireless communications, announced terms for its IPO on Wednesday. The Shanghai-based company plans to raise $71 million by offering 7.5 million ADSs price range of $8.50-$10.50. At the mid-point of the proposed range, RDA Microelectronics will command a market value of $427 million. RDA Microelectronics, which was founded in 2004 and booked $149 million in sales for the 12 months ended June 30, plans to list on the NASDAQ under the symbol RDA. Morgan Stanley and Credit Suisse are the lead underwriters on the deal, which is expected to price during the week of November 8.
