WASHINGTON, Nov 21 (Reuters) - Spansion Inc., which makes Flash memory for electronic products, increased on Monday its planned initial public offering to 39.2 million Class A shares from 35.3 million Class A shares.
The company said in an amended offering document with the U.S. Securities and Exchange Commission that it is maintaining its expected price for the offering at $16 to $18 per share.
The underwriters, led by Citigroup and Credit Suisse First Boston, will have the option to buy an additional 5.9 million shares to cover over-allotments.