Wednesday, October 28, 2015

Adesto Technologies Debuts In IPO

Sunnyvale-based Adesto Technologies had its IPO debut this morning, and was up modestly in morning trading. The developer of non-volatile memory for the embedded device market priced at $5.00 per share last night, below its initial $10.00 to $12.00 estimated IPO range, but was up around 8 percent to around $6.41 in morning trading on the NASDAQ Global Market as IOTS. Adesto Technologies is backed by ARCH Venture Partners, Harris & Harris, Applied Ventures, ATA Ventures, Adams Street Partners, Altera Corp, and others.