Friday, November 3, 2017

Aquantia Prices IPO At $9.00, Starts Trading Today

San Jose-based chip maker Aquantia priced its IPO last night at $9.00 per share, saying it is selling 6,818,000 shares of its common stock. The company begins trading this morning on the New York Stock Exchange as AQ. The IPO is being underwritten by Morgan Stanley, Barclays, Deutsche Bank Securities, Needham & Company, and Raymond James. Aquantia is backed by Aquan, RUSNANO, Pinnacle Ventures, Walden Inernational, GLOUBALFOUNDRIES, Paxion Partners, and others. Aquantia develops high speed ICs used for the Ethernet and other networking markets.