Audience Announces Pricing of Its Initial Public Offering; 5.27M Shares at $17/Share

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Audience, Inc. today announced the pricing of its initial public offering 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.
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