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Spreadtrum Ammends IPO Terms

Spreadtrum Communications Inc., a Shanghai-based fabless maker of wireless chipsets, said that the number of American depository shares being offered by selling shareholders in its IPO had increased from 767,000 to 998,000. The move means that Spreadtrum now will offer a total of 8.998 million ADS, while maintaining its $11-$13 price range. It plans to trade on the Nasdaq under ticker symbol SPRD, with Morgan Stanley and Lehman Brothers serving as co-led underwriters. Shareholders include New Enterprise Associates (24.24% pre-IPO stake), Fortune Venture Group (11.61%) and Pacific Venture Partners (7.7%).