Audience prices IPO at $17, above the range

By Renaissance Capital,

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Audience, a fabless designer of audio chips for use in the iPhone and other mobile devices, raised $90 million by offering 5.3 million shares (5% insider) at $17, above the range of $14 to $16. Audience plans to list on the NASDAQ under the symbol ADNC. J.P. Morgan, Credit Suisse and Deutsche Bank were the joint bookrunners on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing IPOs
Referenced Stocks: ADNC

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