RDA Microelectronics (RDA) IPO Priced at $9, Lower End of Range

November 10, 2010 9:39 AM EST
RDA Microelectronics, Inc. (Nasdaq: RDA) priced its initial public offering of 7.5 million shares at $9, the lower end of the expected $8.50-$10.50 range. Shares will open on the Nasdaq later today.

The offering is being made through Morgan Stanley, Credit Suisse, and Caris & Co.

RDA is a China-based fabless semiconductor company that designs, develops, and markets radio-frequency and mixed-signal semiconductors for a broad range of cellular, broadcast, and connectivity applications.

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