Monday, June 28, 2010

InvenSense Files For IPO

Sunnyvale-based InvenSense, a firm which develops the motion sensing components behind the Wii MotionPlus controller, has filed for an IPO. According to an S-1 filing by the firm today, the company is looking to raise up to $100M on the NASDAQ Global Market as INVN. The IPO is being underwritten by Goldman, Sachs & Co., Morgan Stanley, Oppenheimer & Co., Piper Jaffray, Baird, and ThinkEquity LLC. Major investors in InvenSense are Artiman Ventures, which owns around 22.7 percent of the firm, Partech, with 22.6 percent, as well as Sierra Ventures (8.9 percent) and Qualcomm (7.0 percent).