Monday, January 16, 2012

Audience Files For IPO

Mountain View-based Audience, a provider of technology for improving the voice quality on mobile phones, filed for an IPO Friday, saying it is looking to raise up to $75M in its IPO. The firm said it will either list on the NASDAQ Global Market or the New York Stock Exchange under the symbol ADNC. The IPO is being underwritten by J.P. Morgan, Credit Suisse, Deutsche Bank Securities, and Pacific Crest Securities. Audience is venture backed by New Enterprise Associates, Vulcan Capital, and Tallwood Venture Capital. Audience reported net income of $4.7M on revenues of $47.92M in 2010, and net income of $13.9M on revenues of $79.7M for the nine months ended September 30, 2011