Reuters: Regulatory News: Audience Inc IPO prices above range

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Audience Inc IPO prices above range May 9th 2012, 21:54 Wed May 9, 2012 5:54pm EDT May 9 (Reuters) - Voice and audio technology company Audience Inc raised $89.6 million in its initial public offering on Wednesday, pricing above the expected range, according to an underwriter, as demand continues to hold strong for technology-related offerings. The Mountain View, California-based company, which makes processing chips used in Apple Inc products such as the iPhone, had planned to price shares between $14 and $16. It ended up selling shares at $17. Audience will sell five million shares, while existing stockholders will sell 270,180 shares. Proceeds will be used for working capital and other corporate purposes, including research and development and expansion to new market segments.

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