Deal Details

Follow-On Offering

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Summary

About

InvenSense, Inc. (“InvenSense” or the “Company”) (NYSE: INVN) recently completed a follow-on offering of 7,475,000 common shares at a price of $14.85 per share, generating gross proceeds of approximately $111.0 million. The Company sold 575,000 shares with the remainder sold by selling shareholders and employees. The Company will not receive any proceeds associated with the shares sold by the selling shareholders. InvenSense intends to use the net proceeds from the primary share portion of the offering for general corporate purposes, including working capital and capital expenditures.

InvenSense is a 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. 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, digital still and video cameras, smart TVs, 3D mice, toys, wearable health and fitness monitors and portable navigation devices. As of January 1, 2012, InvenSense had shipped over 184 million units of its products.

In November 2011, Baird served as a co-manager on InvenSense’s initial public offering.

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