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Audience Inc Announces Pricing Of Its Initial Public Offering

Thursday, 10 May 2012 09:16am EDT 

Audience Inc announced the pricing of its Initial Public Offering (IPO) of 5,270,180 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 5,000,000 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 will not receive any proceeds from the sale of shares by the selling stockholders. J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering. Pacific Crest Securities LLC is acting as co-manager for the offering. A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on May 9, 2012. 

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21 Apr 2014