Freescale Semiconductor Holdings, a global leader in embedded processing semiconductors and solutions, released terms for its IPO on Monday. The Austin, TX-based company plans to raise $1 billion by offering 43.5 million shares at a price range of $22 to $24. At the mid-point of the proposed range, Freescale Semiconductor Holdings will command a market value of $5.6 billion. Freescale Semiconductor Holdings, which was founded in 1949 and booked $4.6 billion in sales for the 12 months ended April 1, 2011, plans to list on the NYSE under the symbol FSL. Citi and Deutsche Bank Securities are the lead underwriters on the deal.
