The fabless semiconductor producer, which counts GlobalFoundries, Cisco, Intel, LSI and Xilinx as investors, has gone public in a $61.4m initial public offering.
Aquantia, a US-based ethernet connectivity technology producer backed by corporates Cisco, GlobalFoundries, Intel, LSI and Xilinx, has raised $61.4m in an initial public offering on the New York Stock Exchange.
The offering consisted of just over 6.8 million shares priced at $9.00 each, below the IPO’s $10 to $12 range.
Founded in 2004, Aquantia develops and produces integrated circuits for high-speed communications that are used for ethernet connectivity in communications infrastructure, easing bottlenecks in network bandwidth caused by heavy…
