Spreadtrum Sets IPO Terms

Spreadtrum Communications Inc., a Shanghai-based fabless maker of wireless chipsets, has set its proposed IPO terms to 8.767 million American depository shares being offered at between $11 and $13 per share. If it prices at the high end of its range, Spreadtrum would be valued at approximately $539 million. 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%). www.spreadtrum.com