AMD and Fujitsu, majority shareholders in Flash memory maker Spansion have announced the company will float as soon as practicable.
A prospectus has been filed with the Securities and Exchange Commission (SEC) and could be finalised as early as this week.
The going price is reportedly in the region of US$622 million pricing the stock at around US$16-$18per share for 39 million shares.
AMD and Fujitsu will retain large shareholdings in Spansion and have transferred staff to Spansion. Indeed, some transactions undertaken by Spansion will depend on the consent of AMD and Fujitsu, including joint ventures and design and manufacturing, according to wire services.