Spreadtrum Communications (SPRD-NASDAQ), priced its 8.9 million share IPO of ADR’s at $14.00.  This was above the range of $11.00 to $13.00 and above the original 8.8 million shares expected. Morgan Stanley, Lehman Brothers, Needham & Co. and Piper Jaffray & Co. are underwriting the offering. 

Spreadtrum is a Shanghai-based R&D chip company that makes wireless baseband processors for the wireless communications market.  In 2006, Spreadtrum reported earnings of $14.4 million on sales of $107.1 million.

Jon C. Ogg
June 26, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.