The Qualcomm-backed motion processing technology firm raised $75m from its initial public offering.

Motion processing chip developer Invensense raised $75m from its initial public offering (IPO) on Tuesday, selling 10 million shares of common stock at $7.50 a share.

A further 1.5 million shares are available for purchase from the stockholders over the next 30 days by the IPO’s underwriters: Goldman Sachs, Morgan Stanley, Oppenheimer & Co., Piper Jaffray, Robert W. Baird & Co., and ThinkEquity. The company was trading at $8.65 per share at 1147ET today.

Invensense has raised $41.9m in equity…