RDA Microelectronics Prices IPO at $9 per ADS

RDA Microelectronics

today announced the pricing of its initial public offering of 7,500,000 American Depository Shares (

) representing 45,000,000 ordinary shares, at a price of $9.00 per ADS. A total of 7,342,000 ADSs are being offered by RDA Microelectronics and a total of 158,000 ADSs are being offered by the selling stockholders. In addition, RDA Microelectronics has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 ADSs to cover over-allotments, if any. Morgan Stanley and Credit Suisse are acting as joint book-running managers, and Caris & Company is acting as co-manager. RDA Microelectronics' ADSs began trading today on the NASDAQ Global Market under the symbol "RDA."