Tuesday, June 29, 2010

#MEMS Chip Maker #Invensense To Make Initial Public Offering #IPO

Invensense MEMS chips have been shipping in millions of units per month to makers like #Nintendo for its #Wii and future prospects are even brighter, prompting the company to plan an initial public offering (IPO) of stock. Look for Invensense stock to keep rising over the rest of the decade. R.C.J.

Here's what Invensens says about its own IPO: InvenSense, Inc., a leading provider of intelligent motion processing solutions that enable a motion-based user interface for consumer electronics, today announced that it has filed a registration statement on Form S-1 with the United States Securities and Exchange Commission for the proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the offering have not yet been determined. Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated are acting as joint book-running managers for the offering. Oppenheimer & Co. Inc., Piper Jaffray & Co., Robert W. Baird & Co. Incorporated and ThinkEquity LLC are acting as co-managers for the offering....A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction....
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