Cree (CREE), recently announced that its power and radio frequency business segment will issue shares in a IPO to be a separate publicly traded company. The company has filed registration statement with the U.S. Securities and Exchange Commission. The type and number of shares of stock to be sold and the price range for the proposed initial public offering has not yet been determined, although Cree intends to remain the majority stockholder of the subsidiary post offering. Source
Carve-out
