Spreadtrum Communications Applies for NASDAQ IPO
Filed in archive IPOs on June 14, 2007
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.

Tags: Spreadtrum China IPO
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