Renaissance Capital logo

Consumer electronics designer Directed Electronics prices shares at $16

December 15, 2005

Directed Electronics, a designer and marketer of consumer electronics products, including SIRIUS satellite radios, priced 9.4 million shares at $16 Thursday night, the midpoint of its filed $15-$17 range. Goldman Sachs and J.P. Morgan were the joint book runners on the deal. Expect the stock to begin trading on the NASDAQ tomorrow under the symbol DEIX.