Audience Announces Pricing of Its Initial Public Offering

MOUNTAIN VIEW, Calif., May 10, 2012 /PRNewswire/ -- Audience, Inc., the leading provider of intelligent voice and audio solutions for mobile devices, today announced the pricing of its initial public offering of 5,270,180 shares of common stock at a price to the public of $17 per share. The common stock is expected to begin trading on the NASDAQ Global Select Market on May 10, 2012 under the ticker symbol "ADNC."

A total of 5,000,000 shares are being offered by Audience and 270,180 shares are being offered by certain selling stockholders. In addition, Audience has granted the underwriters a 30-day option to purchase up to 790,527 additional shares of common stock from Audience. Audience will not receive any proceeds from the sale of shares by the selling stockholders.

J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering. Pacific Crest Securities LLC is acting as co-manager for the offering.

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on May 9th, 2012. This offering is being made only by means of a prospectus, copies of which may be obtained from J.P. Morgan Securities LLC (Broadridge Financial Solutions, 1155 Long Island Avenue Edgewood, New York 11717, + 1 (866) 803-9204), Credit Suisse Securities (USA) LLC (Prospectus Department, One Madison Avenue, New York, New York 10010, +1 (800) 221-1037 or [email protected]), or Deutsche Bank Securities Inc. (Prospectus Group, 60 Wall Street, New York, New York, +1 (800) 503-4611 or [email protected]).

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, 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 such jurisdiction.

About Audience 

Audience is the leading provider of intelligent voice and audio solutions that improve voice quality and the user experience of mobile devices.  Its family of earSmart™ intelligent voice processors is based on the processes of human hearing, to suppress background noise and enhance mobile voice quality. Audience's award-winning technology substantially improves the mobile voice experience, while also improving the performance of speech-based services, and enhancing audio quality for multimedia.  Audience earSmart™ processors are featured in mobile devices from leading providers in Asia-Pacific, Europe and the U.S. The company is based in Mountain View, California. For more information, see www.audience.com.

SOURCE Audience, Inc.

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