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Technology Stocks : Apple Inc.

AAPL 278.37

+0.1%

Dec 12 3:59 PM EST

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From: Moonray	5/10/2012 1:47:43 PM
	of 213176

Audience rises after IPO prices above estimate NEW YORK (AP) -- Shares of audio chip maker Audience Inc.priced higher than expected Thursday and are climbing in afternoon trading. The initial public offering of 5.3 million shares priced at $17, above the $14 to $16 the company expected. The shares rose $2.15, or 12.7 percent, to $19.15 in afternoon trading. The Mountain View, Calif., company is selling 5 million shares of stock, and shareholders are selling the rest. The underwriters of the IPO will have the option to buy another 791,000 shares. Audience makes audio chips for Apple Inc.'s iPhone and other mobile devices. Its shares are listed on the Nasdaq Global Select Market under the ticker symbol "ADNC." More at: finance.yahoo.com o~~~ O

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