AuthenTec Sets IPO Terms

AuthenTec Inc., a Melbourne, Fla.-based provider of fingerprint sensors, has set its proposed IPO terms to 7.5 million common shares being offered at between $9 and $11 per share. It plans to trade on the Nasdaq under ticker symbol AUTH, with Lehman Brothers serving as lead underwriter. It has raised $71 million since 1999, from firms like Sierra Ventures (20.8% pre-IPO stake), Harris Corp. (18.7%), Carlyle Venture Partners (12.8%), Advantage Capital Partners (8.6%), Newlight Associates, TI Ventures, Knickerbocker LLC, Bencas Capital and Stonehenge Capital.