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Vimicro announces Initial Public Offering

(Vimicro)
Updated: 2005-11-15 11:24

Vimicro International Corporation today announced the initial public offering of 8,697,063 American Depository Shares, or ADSs, priced at $10 per share on the NASDAQ National Market under the trading symbol "VIMC." The company is offering 6,750,000 ADSs and selling shareholders are offering 1,947,063 ADSs. Vimicro has granted the underwriters the right to purchase up to an additional 1,304,560 ADSs to cover over-allotments, if any.

The managing underwriters of the offering are Morgan Stanley & Co. Incorporated, acting as sole bookrunner, with co-managers Merrill Lynch & Co., Needham & Company LLC and Piper Jaffray.

A copy of the final prospectus relating to the offering may be obtained from Morgan Stanley's prospectus department at 1585 Broadway, New York, NY 10036-8200, or by telephone at (212) 761-6775.

About Vimicro International Corporation

Vimicro International Corporation is a leading fabless semiconductor company in China that designs, develops and markets proprietary embedded multimedia signal processing chips and solutions that enable multimedia applications for mobile phones over 2.5G/3G networks and PCs over broadband Internet.