Follow-on in RDA Microelectronics raises $77.2 million

More than 95% of the shares are sold by Warburg Pincus, which reduces its stake in the US-listed Chinese semiconductor company to 38%.

A Warburg Pincus-led follow-on in Nasdaq-listed RDA Microelectronics has raised $77.2 million after fixing the price at a 2.1% discount to the latest close. The deal was priced at the end of US trading last Wednesday.

¬ Haymarket Media Limited. All rights reserved.

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