Spansion to sell shares to the public next week
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Flash memory maker Spansion, the joint venture between Advanced Micro Devices and Fujitsu, appears set to sell shares to the public next week. If you like buying IPO’s you’re in luck as next week more than a dozen companies are being offered for sale.
Spansion is tentatively set to price its initial public offering on Dec. 14, with shares to be sold to the public on Dec. 15, according to people involved in the deal. The company hopes to raise roughly $622 million by selling 39 million shares of common stock to the public, priced between $16 and $18. The stock will trade on the Nasdaq under the symbol SPSN.
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