Friday, October 28, 2016

Quantenna Slips Slights In IPO

Fremont-based Quantenna Communications made its debut this morning on the NASDAQ Global Select Market, slipping slightly in morning trading to around $15.56, after pricing its IPO at $16.00 per share last night. The company sold 6,700,000 shares of its common stock at $16.00 per share in its offering. The company now trades as QTNA. Quantenna had priced at the high end of its initial estimated IPO pricing range of $14.00 to $16.00 per share. Quantenna is venture backed by Sequoia Capital, RUSNANO, Venrock Associations, Sigma Partners, Southern Cross Venture Partners, DAG Ventures, and others.