July 16, 2004 — Freescale Semiconductor Inc., an Austin, Texas-based provider of embedded semiconductor devices and sensors, went public this morning at an opening price of $13 per share.

The stock is trading under the symbol FSL on the New York Stock Exchange. The company’s initial public offering is for 121,621,622 shares for a total offering of $1.58 billion. The underwriters have been granted an option to purchase up to 18,243,243 additional shares. Major underwriters include Goldman, Sachs & Co., Citigroup Global Markets Inc. and J.P. Morgan Securities Inc.

Freescale, a spinoff of Motorola Inc., employs 22,000 people and posted sales of $4.9 billion in 2003, according to a news release.

The company filed its IPO registration in December. In June it estimated the price would be between $17.50 and $19.50, according to SEC filings, which was scaled back to the $13 to $14 range in recent weeks.