BIZCHINA / Deng Zhonghan
Vimicro announces Initial Public Offering
(Vimicro)
Updated: 2005-11-15 11:24
Vimicro International Corporation today announced the initial public
offering of 8,697,063 American Depository Shares, or ADSs, priced at $10
per share on the NASDAQ National Market under the trading symbol "VIMC."
The company is offering 6,750,000 ADSs and selling shareholders are
offering 1,947,063 ADSs. Vimicro has granted the underwriters the right
to purchase up to an additional 1,304,560 ADSs to cover over-allotments,
if any.
The managing underwriters of the offering are Morgan Stanley & Co.
Incorporated, acting as sole bookrunner, with co-managers Merrill Lynch &
Co., Needham & Company LLC and Piper Jaffray.
A copy of the final prospectus relating to the offering may be obtained
from Morgan Stanley's prospectus department at 1585 Broadway, New York,
NY 10036-8200, or by telephone at (212) 761-6775.
About Vimicro International Corporation
Vimicro International Corporation is a leading fabless semiconductor
company in China that designs, develops and markets proprietary embedded
multimedia signal processing chips and solutions that enable multimedia
applications for mobile phones over 2.5G/3G networks and PCs over
broadband Internet.
(For more biz stories, please visit Industry Updates)
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