Monday, October 5, 2015

Adesto Technologies Sets IPO Range

Sunnyvale-based Adesto Technologies, a developer of non-volatile memory technology, said Monday that it now expects its IPO at between $10.00 and $12.00 per share. The company has filed to trade as IOTS aon the NASDAQ Global Market. Adesto is venture backed by ARCH Ventures, Harris & Harris, Applied Ventures, ATA Ventures, Adams Street Partners, Serge Aldera Corporation, and others. Adesto Technologies develops NVRAM for embedded hardware products, which allows for the storage of information by those devices between reboots and while powered off. The company offers up its IP to others both as IP for including on systems-on-a-chip (SoCs), as well as individual serial Flash memory.