InvenSense, which provides motion sensors used in consumer electronics, postponed its IPO on Tuesday because of poor market conditions. The Sunnyvale, CA-based company was founded in 2003 and booked $110.2 million in sales for the 12 months ended 7/3/11. Invensense was the latest victim of recent market turmoil following postponed deals from Cathay Industrial (CBIO), Enduro Royalty Trust (NDRO) and TIM w.e. (TMWE). Goldman Sachs and Morgan Stanley were set to be the lead underwriters on the Invensense deal.
