Directed Electronics IPO prices at $16/shr-source

Newswire

NEW YORK, Dec 15 (Reuters) - The initial public offering of auto accessories maker Directed Electronics Inc. priced at $16 per share on Thursday, with a forecast of $15 to $17, according to a source with knowledge of the deal. The offer includes 9.38 million shares, with 5.94 million coming from the company and 3.44 million from other shareholders. All up, the IPO is worth $150 million. The Vista, California-based company makes consumer electronic products used in cars, such as stereos ...

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