InvenSense, which provides motion sensors used in consumer electronics, announced terms for its IPO on Monday. The Sunnyvale, CA-based company plans to raise $78 million by offering 10 million shares at a price range of $7.00 to $8.50. At the mid-point of the proposed range, InvenSense will command a market value of $675 million. InvenSense previously tried to go public this summer, but was forced to postpone their IPO plans in August due to poor market conditions sparked by the European Debt Crisis. The company, which was founded in 2003 and booked $130 million in revenues for the 12 months ended September 30, 2011, plans to list on the NYSE under the symbol INVN. Goldman Sachs and Morgan Stanley are the lead underwriters on the deal, which is expected to price during the week of November 14.
