News

Intersil Announces IPO of Common Stock

March 05, 2000 by Jeff Shepard

Intersil Holding Corp. (Palm Bay, FL) recently announced its initial public offering (IPO) of 20,000,000 shares of Class A common stock at $25 per share. The 20-million shares represents approximately a 22-percent stake in the company. With a total value of $500.0 million, Intersil's IPO is claimed to be the largest ever for a US-based semiconductor company.

Intersil further announced that it closed its first day of trading on the Nasdaq National Market at $54. The company priced an IPO of 20-million shares at $25 per share. The company opened the day at $37.