MagnaChip Semiconductor files for $575 mln IPO

Wed Nov 14, 2007 4:43pm EST
 
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WASHINGTON, Nov 14 (Reuters) - MagnaChip Semiconductor Corp., which makes analog and mixed-signal semiconductor products, on Wednesday said it was planning an initial public offering of as much as $575 million in common stock.

Goldman Sachs, UBS Investment Bank, Credit Suisse, Citi, Lehman Brothers, Jefferies & Company and JMP Securities will underwrite the IPO, according to a preliminary offering document filed with the U.S. Securities and Exchange Commission.

MagnaChip said its products are used in consumer products such as mobile phones, digital televisions, notebook computers and digital cameras.

It is seeking a New York Stock Exchange listing under the symbol "MX.N."

(Reporting by John Poirier; Editing by Leslie Gevirtz)

 

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