Freescale, was taken private in 2006 in a $17.6 billion deal. The company plans to use funds from the IPO to pay down debt due in 2014.
Citigroup shares are down 0.7%, or $0.04, to $4.86. Deutsche Bank's US traded shares are up 0.2% to $61.25.
Freescale Semiconductor, which is owned by private equity firm Blackstone Group (BX), has reportedly hired Citigroup (C) and Deutsche Bank (DB) to handle its initial public offer, reports Bloomberg, citing three people familiar wi