MagnaChip Seeks To Raise Up To $130M In IPO

Law360, New York (June 16, 2010, 1:30 PM EDT) -- 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, register now.