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Friday April 28, 9:09 am Eastern Time
Company Press Release
SOURCE: ON Semiconductor
ON Semiconductor's IPO Priced at $16 Per Share
PHOENIX, April 28 /PRNewswire/ -- ON Semiconductor today announced its initial public offering (IPO) of 30,000,000 shares of common stock at $16 per share. The stock will begin trading later today on the NASDAQ National Market System under the symbol ``ONNN''.
The net proceeds of this offering will be used to redeem the company's preferred stock and prepay a portion of high-yield notes and a portion of senior bank debt.
Morgan Stanley Dean Witter and Chase H&Q are lead manager and co-lead manager, respectively, for the offering. Lehman Brothers, Robertson Stephens and Salomon Smith Barney are the co-managers.
Copies of the prospectus relating to this offering may be obtained by contacting the underwriters:
Morgan Stanley Dean Witter
1585 Broadway, 5th floor
New York, New York 10036
(212) 761-4000
Chase H&Q
One Bush Street
San Francisco, CA 94104
(415) 439-3000
Lehman Brothers
555 California Street, 30th floor
San Francisco, CA 94104
(415) 274-5200
Robertson Stephens
555 California Street, Suite 2600
San Francisco, CA 94104
(415) 781-9700
Salomon Smith Barney
350 California Street, Suite 2100
San Francisco, CA 94104
(415) 955-1552
About ON Semiconductor
ON Semiconductor is one of the world's largest suppliers of analog, standard logic, and discrete semiconductors for data and power management. ON Semiconductor's products include integrated circuits for high-bandwidth data applications, analog ICs for power management and low-voltage power transistors. In addition to using micropackaging technology across all product families, ON Semiconductor offers the largest selection of discrete semiconductors in a variety of surface mount and standard packages. These semiconductors turn on and connect digital electronic products to our world. ON Semiconductor(TM) is the trade name of SCG Holding Corporation's affiliate, Semiconductor Components Industries, LLC.
Further information is available at the Company's website: onsemi.com |
