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Qimonda to float at between $16 and $18

Memory is made of this
By INQUIRER staff
Fri Jul 21 2006, 13:09
THE SPUN off memory division of Infineon, Qimonda, will float on the New York Stock Exchange and have the ticker QL.

Infineon said 63 million American Depository Receipts (ADRs) will be offered at between $16 and $18.

That amounts to around $1 billion if nothing goes awry.

Credit Suisse, Citigroup and JP Morgan be run the book for the float. µ

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