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RDA Microelectronics (RDA) |
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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals • LogMeIn • Invesco Mortgage Capital • Medidata • Chemspec |
RDA Microelectronics (NASDAQ:RDA) is a Chinese company which makes semiconductors which are used for cellular, broadcast, and connectivity systems. The company is the second largest in its market in Asia Pacific in terms of revenue. The company focuses on designing highly integrated radio-frequency and mixed signal circuits which convert analog signals, like radio waves, into digital signals that can be used by an electron product. These systems are used in products to allow them to handle technologies such as FM, Bluetooth, WiFi, FPS, 2G and 3G transceivers, and others.[1]
The company hopes to capitalize on the growing middle class in China as the company continues to grow. It expects its sales to increase as more Chinese citizens are able to afford electronic devises which use their technologies. Furthermore, the company expects that the systems it builds will remain a crucial part of portable electronic devices.[2]
The company's initial public offering of stock on the NASDAQ occurred on November 9, 2010. The company offered 7.5M ADS shares each for $9. This was within the initial price range of $8.5-$10.5. The IPO raised a total of $68M. The lead underwriters of the deal were Warburg Pincus and IDG Accel.[3]
The company has been able to drastically increase its revenues over the past three years. In 2008, it reported a total revenue of $55.5M, while in 2009, it reported a total revenue of $118.4M. This corresponds to a year over year increase of 113%. The company's net income has also risen substantially over the past years. In 2007, the company reported a net loss of $4.5M, but it reported $.7M and $11.3M in 2008 and 2009 respectively. This corresponds to a 1,514% increase from 2008 to 2009.[4]
References
- ↑ RDA F-1/A 2010 PROSPECTUS SUMMARY "Our Business" pg 1
- ↑ RDA F-1/A 2010 PROSPECTUS SUMMARY "Our Industry" pg 1-2
- ↑ Renaissance Capital - IPO Home "RDA Microelectronics prices IPO within the range at $9 per ADS 9 Nov 2010
- ↑ RDA F-1/A 2010 PROSPECTUS SUMMARY "Our Summary Consolidated Financial and Operating Data" pg 7
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