Audience, Inc. said it priced its initial public offering of 5.27 million shares of common stock at a price to the public of $17 per share. The common stock is expected to begin trading on the NASDAQ Global Select Market on May 10, 2012 under the ticker symbol "ADNC."
A total of 5 million shares are being offered by Audience and 270,180 shares are being offered by certain selling stockholders. In addition, Audience has granted the underwriters a 30-day option to purchase up to 790,527 additional shares of common stock from Audience.
Audience said it will not receive any proceeds from the sale of shares by the selling stockholders.
by RTT Staff Writer
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