Overview

• Ambiq priced its upsized IPO at $24 per share for 4 million shares, raising $96 million before expenses and granting underwriters a 30-day option to purchase up to 600,000 additional shares.
• Shares began trading under ticker AMBQ on the NYSE July 30, spiking to $47 and settling near $40 after two five-minute volatility halts.
• The debut pushed Ambiq’s market capitalization past $700 million, reflecting robust demand for ultra-low-power semiconductors in edge AI applications.
• BofA Securities and UBS Investment Bank led the offering as joint book-running managers with Needham & Company and Stifel, and the deal is set to close July 31, subject to customary conditions.
• Net proceeds will support further R&D and market expansion of Ambiq’s patented SPOT® technology, which powers more than 270 million devices.