Vimicro International
Corporation today announced the initial public
offering of 8,697,063 American Depository Shares,
or ADSs, priced at $10 per share on the NASDAQ
National Market under the trading symbol "VIMC."
The company is offering 6,750,000 ADSs and selling
shareholders are offering 1,947,063 ADSs. Vimicro
has granted the underwriters the right to purchase
up to an additional 1,304,560 ADSs to cover
over-allotments, if any.
The managing underwriters
of the offering are Morgan Stanley & Co. Incorporated,
acting as sole bookrunner, with co-managers
Merrill Lynch & Co., Needham & Company LLC
and Piper Jaffray.
A copy of the final
prospectus relating to the offering may be
obtained from Morgan Stanley's prospectus
department at 1585 Broadway, New York, NY
10036-8200, or by telephone at (212) 761-6775.
About Vimicro International
Corporation
Vimicro International Corporation is a leading
fabless semiconductor company in China that
designs, develops and markets proprietary
embedded multimedia signal processing chips
and solutions that enable multimedia applications
for mobile phones over 2.5G/3G networks and
PCs over broadband Internet.
This press release
shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall
there be any sale of these securities in any
state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior
to registration or qualification under the
securities laws of any such state or jurisdiction.
Contact:
Deborah Stapleton
Stapleton Communications Inc.
(650)470-0200
deb@stapleton.com
.