TD-chip maker Spreadtrum Communications shares listed on the first day that soared 14%
Beijing June 28 news: According to foreign media reports, Wednesday is China's TD-SCDMA pavilion zv5000 battery chip maker Spreadtrum Communications, Inc. American depositary receipts traded on the NASDAQ stock market on the first day, the day the company's shares soared nearly on 14%.
Wednesday, Spreadtrum Communications, Inc. shares closed at 15.95 U.S. dollars, higher than the IPO price hstnn-lb31 of 1.95 U.S. dollars, or 13.93%.
Spreadtrum shares climbed up the same day to 17 U.S. dollars, the lowest at 14.12 U.S. dollars. 14.2 U.S. dollars is higher than the opening price of its offering price.
Spreadtrum this time in the United States issued a 890 million American Depositary Shares (ADS a three ordinary shares), issued at a price 14 U.S. dollars, higher than the original expectations of 11-13 U.S. dollars. Spreadtrum initial public offering of the lead underwriters Morgan Stanley and Lehman hp pavilion dv7 battery Brothers.
Spreadtrum's TD-SCDMA is mainly engaged in chip design and marketing related to last year, the company's sales revenue reached 100 million U.S. dollars this year, a quarter of income for 26.2 million U.S. dollars, an increase of one third over the same period last year for Sony vgp-bps9 and vgp-bps8 .
