NXP's P-E backers commence 25M-share offering; shares -1.7% AH


NXP (NXPI) shareholders, including the P-E firms that took the chipmaker public - KKR, AlpInvest, Apax Partners, Bain Capital, and Silver Lake - are selling another 25M shares (9.7% of outstanding shares) through a secondary offering. (PR) (prospectus)

The P-E firms previously announced 25M-share offerings in September and March, and a 30M-share offering in February. After the latest sale, the firms and affiliates will collectively be left with a 14.8% stake in NXP.

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Comments (4)
  • Dayo
    , contributor
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    Is this why NXPI took a nosedive this afternoon? Last week went so nicely (sigh)....Seriously, does this dilute the value of our shares or something?
    9 Dec 2013, 08:09 PM Reply Like
  • GotAlpha2
    , contributor
    Comments (2) | Send Message
     
    I own NXPI stock.
    9 Dec 2013, 08:16 PM Reply Like
  • GotAlpha2
    , contributor
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    Thank you Ben Bernanke!!
    9 Dec 2013, 08:31 PM Reply Like
  • Dayo
    , contributor
    Comments (3) | Send Message
     
    Just found that the secondary offering is priced at $42.50, which I guess answers my question. Still, betting that NXPI will continue to rise, especially if it gets on the Nasdag 100 list later this month.
    10 Dec 2013, 05:34 PM Reply Like
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