Spreadtrum Communications Applies for NASDAQ IPO

Filed in archive IPOs by Greg Cruey on June 14, 2007

Spreadtrum looks to take advantage of China's huge wireless market.

China's Spreadtrum Communications filed with the SEC last week for an IPO on the NASDAQ using the symbol SPRD, according to Tom Taulli.

Spreadtrum Communications Inc., describes itself as "a fabless semiconductor company that develops baseband processor solutions for the wireless market" and says that the company combines semiconductor design expertise with unique software development capabilities to deliver "highly integrated baseband processors with multimedia functionality and power management."

Spreadtrum has offices in Shanghai and in Sunnyvale, Calif., a Technological Support Center in Shenzhen, and a Research and Development Center in Beijing. The company has seen strong growth over the last few years with revenues moving from $2.4 million in 2003 to over $107 million last year. Spreadtrum achieved profitability last year.

There is no word yet on a date for the IPO.

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