Private-equity owned technology group, NXP Semiconductors, will offer about 25 million shares in a secondary offering. The company expects to raise about $700 million from the share sale, adds Financial Times.
NXP’s private equity investors will receive the proceeds from the proposed offering. Credit Suisse Securities (USA), Goldman Sachs, Morgan Stanley, Bank of America and Barclays Capital will act as bookrunners for the offering.
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