Ambiq Micro Prices Upsized Offering at $78 a Share

MT Newswires Live06-24

Ambiq Micro (AMBQ) has priced an upsized offering of 2 million common shares at $78 each, the semiconductor developer said late Tuesday.

Ambiq Micro anticipates raising $156 million from the offering before expenses, and has also granted to underwriters a 30-day option to purchase up to another 300,000 shares.

The offering is expected to close Thursday.

On Tuesday, Ambig Micro disclosed it planned a 1.8 million share offering.

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