SHANGHAI, China, Nov. 15, 2010 (GLOBE NEWSWIRE) -- RDA Microelectronics, Inc. (Nasdaq:RDA), a fabless semiconductor company that designs, develops and markets radio-frequency and mixed signal chips for cellular, broadcast and connectivity applications, today announced that the underwriters of its public offering have exercised their over-allotment option to purchase an additional 1,125,000 of the company's American Depository Shares (ADSs). The option was granted by the company in connection with the public offering by the company and certain selling shareholders of 7,500,000 ADSs, representing 45,000,000 ordinary shares, which priced on November 9, 2010 at a public offering price of $9.00 per ADS. Total net proceeds of the offering, including the over-allotment option, were approximately $68.2 million after estimated expenses and underwriting fees.
Morgan Stanley and Credit Suisse acted as joint bookrunners, and Caris and Company acted as co-manager. Copies of the final prospectus relating to the offering may be obtained from the offices of:
A registration statement relating to the securities in this offering has been filed with the Securities and Exchange Commission ( www.sec.gov ) and has become effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdictions in which such offer, solicitations or sale would be unlawful prior to their registration or qualification under the securities laws of any such state or jurisdiction.
About RDA Microelectronics
Headquartered in Shanghai, China, RDA Microelectronics is a fabless semiconductor company that designs, develops and markets RF and mixed signal semiconductors for cellular, broadcast and connectivity applications. The company's product portfolio currently includes power amplifiers, transceivers and front-end modules, Bluetooth systems-on-chip (SOC), FM radio receivers, set-top box tuners, LNB satellite down converters, analog mobile television receivers and walkie-talkie transceivers. For additional information, please see the company's website at http://www.rdamicro.com.
CONTACT: RDA Microelectronics Investor Relations: Lily Dong, Chief Financial Officer +86-21-5027-1108 ir@rdamicro.com The Blueshirt Group Julie Cunningham +1-415-217-2632 Julie@blueshirtgroup.com