Scalper1 News
Cree (CREE) announced Monday that it will spin off its Power and Radio-Frequency Products (RF) subsidiary in an initial public offering. The LED lighting maker said it submitted a draft registration statement to the Securities and Exchange Commission for an IPO. Cree didn’t disclose how much it plans to raise from the IPO or how many shares it will sell or the price. The Power and RF subsidiary is raising capital to invest directly in the business Scalper1 News
Scalper1 News