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Spreadtrum Prices IPO

Spreadtrum Communications Inc., a Shanghai-based fabless maker of wireless chipsets, raised $124.6 million in its IPO. It priced over 8.9 million American depository shares at $14 per share ($11-$13 range). It will trade on the Nasdaq under ticker symbol SPRD, while Morgan Stanley and Lehman Brothers served 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%). www.spreadtrum.com