Techwell, a fabless designer of mixed-signal integrated circuits for video applications, priced its initial public offering of 5.5 million shares at $9, below its proposed $11 to $13 price range, on Wednesday afternoon. Of the shares sold, 2.96 million were offered by insiders. Lehman Brothers was the lead underwriter on the IPO. The stock began trading in the late afternoon on Wednesday under the ticker TWLL and currently stands below the offer price.
