Thursday, May 10, 2012

Audience (Nasdaq: ADNC) shares up 14% on IPO debut

Audience (Nasdaq: ADNC) shares up 14% on IPO debutPalm Beach, FL 5/10/12 (StreetBeat) -- Audience Inc. (Nasdaq: ADNC) saw its shares rise nearly 14% to $19.33 in early trading Thursday following its initial public offering. The company, which designs chips for improving the voice quality of mobile calls, priced 5.27 million shares at $17 late Wednesday.

It had previously expected the shares to price in the range of $14-$16. The stock now trades on the Nasdaq Global market under the ticker symbol "ADNC."

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