Wintech owned a 7.3% stake, or 1.5 million shares, ahead of the flotation, which went down to 4.8% post the IPO.

Ambarella, a US-based semiconductor company backed by Taiwanese peer Wintech Microelectronics, raised $36m in its initial public offering (IPO).

The company offered 4.9 million shares at $6 each, while its shareholders sold 1.1 million on 10 October, according to its regulatory filing. The issue gave the company a market capitalistion of more than $155m.

The flotation was advised by Morgan Stanley, Deutsche Bank, Stifel Nicolaus Weisel and Needham & Company. It listed on Nasdaq under the ticker AMBA. Ambarella’s…