Deal Details
Initial Public Offering
Summary
Baird served as a co-manager in this offering.
About
InvenSense, Inc. (“InvenSense” or the “Company”) (NYSE: INVN) recently completed an initial public offering of 11,500,000 common shares at $7.50 per share, generating gross proceeds of $86.25 million. InvenSense intends to use the net proceeds from the offering for general corporate purposes, including working capital and capital expenditures.InvenSense is the pioneer and a global market leader in intelligent motion processing solutions that enable a motion-based user interface for consumer electronics. The Company’s solutions are comprised of its proprietary MotionProcessor and MotionApps platform. InvenSense's single-chip MotionProcessor combines micro-electro-mechanical system, or MEMS, based motion sensors, such as accelerometers and gyroscopes, with mixed-signal integrated circuits to deliver the world’s first integrated MotionProcessing solution. The Company’s solution is differentiated by its small form factor, high level of integration, performance, reliability and cost effectiveness. While InvenSense’s solutions have broad applicability across consumer, industrial, military and other industry verticals, the Company currently targets consumer electronics within a variety of end markets that it believes demand a more intuitive and immersive user experience, such as console and portable video gaming devices, smartphones, tablet devices, and digital still and video cameras. As of October 2, 2011, InvenSense had shipped over 157 million units of its products.
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- Date
- November 2011
- Company
- InvenSense, Inc.
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
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