Patent Torpedo Incoming for Audience (ADNC)

Audience was on track for a solid IPO. Their voice processing technology is embedded into market-leading mobile devices to enable clearer understanding of speech thanks to much more sophisticated analysis. The $14-16 filing range compares well with our $31 IV. (A link to our research note is available in the left sidebar.)

But lo and behold a patent litigation lawsuit was launched against the company just as they begin the IPO marketing process. So far the only information available is what Dan . . .