Semiconductor Developer Aquantia Closes $71 Million IPO
New York – November 8, 2017 – Cooley advised fabless semiconductor developer Aquantia on its $70.6 million initial public offering of 7,840,700 shares of common stock, including the full exercise of the underwriters’ option to purchase additional shares.
Morgan Stanley, Barclays and Deutsche Bank Securities acted as joint book-running managers and Needham & Company and Raymond James acted as co-managers for the offering.
Aquantia – based in San Jose and now trading on the New York Stock Exchange under the ticker symbol “AQ” – is a leader in the design, development and marketing of advanced, high-speed communications integrated circuits for ethernet connectivity in the data center, enterprise infrastructure and access markets. Its products are designed to deliver leading-edge data speeds for use in the latest generation of communications infrastructure to alleviate network bandwidth bottlenecks caused by the growth of global IP traffic.
Cooley partners Bo Yaghmaie, Josh Kaufman and Rob Phillips led the team advising Aquantia.
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