Quantenna Communications, a US-based wifi technology provider backed by home automation company Vivint and telecommunications firm NTT, set the range yesterday for an initial public offering that could reach approximately $107m in size.
The company is set to issue 6.7 million shares priced between $14 and $16. The underwriters have the option to buy another million shares, which could boost the size of the offering to more than $123m.
Founded in 2005 as MySource Communications, Quantenna produces high-speed wifi equipment…
