Friday, July 29, 2011

InvenSense Sets IPO Pricing Range

Sunnyvale-based InenSense has set the pricing range for its IPO, saying in a filing tht it is estimating its initial public offering price at between $8.50 and $10.50 per share. The firm is offering up 10,500,000 shares of its stock in the IPO. InvenSense is the developer of the motion-sensitive components used in the Wii MotionPlus controller. InvenSense is backed by Artiman Ventures, Partech, Sierra Ventures, and Qualcomm. The IPO is being underwritten by Goldman, Sachs & Co., Morgan Stanley, Oppenheimer & Co., Piper Jaffray, Baird, and ThinkEquity LLC.