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Freescale Semiconductor (FSL) cuts its IPO price by more than 15% to the $18-$20 range in the...

Freescale Semiconductor (FSL) cuts its IPO price by more than 15% to the $18-$20 range in the face of tepid investor interest, bringing the size of the offering down to $870M. The PE firms that took the company private in 2006 at $36.12/share stand to see a significant loss.
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