US-based maker of navigation equipment InvenSense seeks up to $100m at flotation on Nasdaq stock exchange.

Qualcomm Ventures’ portfolio company InvenSense has filed for a US flotation worth up to $100m.

The US-based maker of navigation equipment has net revenues of $79.6m and will have its initial public offering on the Nasdaq stock exchange if demand is strong. InvenSense raised around $30m in its second and third rounds of funding, and news provider PEHub said $38m in total.

Pre-flotation, telecoms equipment company Qualcomm’s corporate venturing division owns 4.7 million shares (7%) of InvenSense, and the…

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