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Mobile audio company Audience files for a $75 million US IPO

January 13, 2012

Audience, which provides a platform to improve voice and audio quality in mobile devices, registered with the SEC for a $75 million initial public offering on Friday. The Mountain View, CA-based company, which was founded in 2000, booked $99 million in sales for the twelve months ended September 31, 2011. Over 60 mobile devices, including those by Apple, HTC and LG, have used its processors. It became profitable in 2010, when revenues grew from $6 million in 2009 to $48 million. Revenues for the first nine months of 2011 were $80 million. Backers include venture capital firms New Enterprise Associates, Vulcan Capital and Tallwood. J.P. Morgan, Credit Suisse, and Deutsche Bank have been chosen as lead underwriters. Audience plans to list on the New York Stock Exchange under the symbol ADNC.