The shares represent about 14 per cent of the total stock of NXP and are to be traded on Nasdaq. The price values the company at about $4.5 billion, and the money that is raised is intended to be used to pay off some of the company's debt, the filing said.

The IPO was filed originally by an entity called Kaslion Acquisition, which has since changed its name to NXP Semiconductor NV. Kaslion was created by the private equity consortium that acquired NXP from Philips in 2006. Kohlberg Kravis Roberts & Co., (KKR) led the consortium which acquired an 80.1 per cent stake in NXP. Other investors included Silver Lake Partners, Bain Capital, Apax and AlpInvest Partners with Philips retaining its 19.8 per cent stake in NXP.

NXP has been running at a loss and has divested several units in an effort to reduce costs bring the company back to high-performance analog and mixed-signal ICs. NXP completed the handing over of its cordless and VoIP terminal operations to DSP Group. In 2008, NXP's wireless operations from its former mobile and personal segment were contributed to a joint venture, ST-NXP Wireless.

A strategic alliance with Virage Logic was completed last year through which the company obtained approximately 9.8 per cent of Virage Logic's outstanding common stock. This transaction included the transfer of its CMOS intellectual property and development team in exchange for the rights to use Virage Logic's intellectual property and services. In 2010, NXP divested a major portion of its former home segment to Trident Microsystems Inc.