Freescale Semiconductor (FSL) underperformed already-reduced IPO expectations, selling 43.5M...

|About: Freescale Semiconductor ... (FSL)|By:, SA News Editor

Freescale Semiconductor (FSL) underperformed already-reduced IPO expectations, selling 43.5M shares yesterday for $18 each and bringing in a total of $783M. The company, which at one point had hoped to raise $1.15B, recently cut the size of its expected offering to $870M in the face of tepid investor demand.