Audience Joining Public Fray Between $14 and $16 Per Share

Audience, a supplier of voice and audio processors for mobile devices, has announced the terms for its IPO. The company plans to raise $79 million by offering 5.3 million shares priced between $14 and $16 apiece. Current VC backers include Tallwood Venture Capital (currently owns a 32.5% stake), New Enterprise Associates (29.9%) and Vulcan Capital (24.8%).