The company confirmed that it sold 43.5 million shares for $18 each. It had, though, intended to to sell the shares for $22 to $24 each.
Freescale was taken private in 2006 in the biggest leveraged buyout of a technology company on record.
However, it has been described by some investors as one of the most unsuccessful because it burdened Freescale with massive debt, thereby undermining its ability to compete in the investment-intensive chip market.
Based on its price and its expectation for 240 million shares outstanding after the IPO, the pricing suggests a total equity valuation of about $4.3 billion for Freescale.
Last week, meanwhile, NXP Semiconductors NV said it would consider a takeover if a potential buyer offered a big enough premium and gave the company flexibility with customers and employees.
This is according Richard Clemmer, chief executive officer of Europe's third-largest chipmaker.
Posted by Andre Dixon
