MagnaChip Seeks To Raise Up To $130M In IPO

Law360, New York (June 16, 2010, 1:30 PM ET) -- South Korean chip maker MagnaChip Semiconductor LLC has revealed details on an initial public offering aiming to raise as much as $130 million, just six months after it emerged from bankruptcy protection.

MagnaChip estimated in a filing with the U.S. Securities and Exchange Commission on Wednesday that the the initial public offering's price per depositary share will be between $15.50 and $17.50. The depositary shares and the common stock have been approved for listing on the New York Stock Exchange under the symbol MX.

All shares...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required