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Audience prices IPO at $17, above the range

Posted
5/9/2012 6:19:00 PM
By: Renaissance Capital
Referenced Stocks:ADNC

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.