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AUSTIN, Tex. (


) - Shares of



were up more than 4% shortly after the semiconductor specialist began its

first day of trading

on Thursday, the latest in a string of tech companies to take the public plunge.

Freescale priced its offering at $18 a share late on Wednesday, for an IPO value of $783 million, although this was well below the

projected range

of $22 to $24 a share.

Freescale became the latest tech company to take the public plunge on Thursday.

The company's shares nonetheless rose 80 cents, or 4.44%, to $18.80 by midmorning on Thursday as investors responded positively to the IPO.

Freescale's IPO comes hot on the heels of the headline-grabbing offering from



, which enjoyed a

blistering debut

earlier this month. This week, Russian Internet search specialist


(YNDX) - Get Free Report

saw its stock

jump more than 40%

after launching its own offering.

Rumors of a second dot-com bubble, however, are wide of the mark, according to Scott Sweet, senior managing partner of IPO grading service

IPO Boutique

. "Any talk of a repeat of a 2000 is quite premature, as evidenced by this week's IPO performances," he told


. In addition to Freescale,

Active Network


also priced low, according to Sweet.

"If it was so easy, and you could bring a desk and chair public like in 2000, we would be looking at Freescale at $45 right now," explained the IPO expert. "So far

this week only Yandex has priced in range."

--Written by James Rogers in New York.

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