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Florida’s AuthenTec files for IPO

March 16th, 2007

MELBOURNE, FL—AuthenTec Inc. has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of stock.

Lehman Brothers Inc. is acting as the sole book-running manager for the offering, Bear, Stearns & Co. Inc. and Cowen and Company, LLC are acting as joint lead managers and Raymond James & Associates, Inc. and Montgomery & Co. are acting as co-managers. The number of shares to be sold and the price range for the proposed offering have not yet been determined.

AuthenTec sells fingerprint authentication sensors and solutions to the high-volume PC, wireless device, and access control markets.

It has more than 15 million sensors in use worldwide. The company’s customers include: ASUSTek, Fujitsu, HP, Hitachi, HTC, Lenovo, LG Electronics, Samsung, and Toshiba, among others.

For more information see: www.authentec.com

 

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