Aquantia Goes IPO; Raises $61.2 Million

Semiconductors startup Aquantia brought in $61.2 million in its initial public offering on Friday, after pricing shares at $9. It closed the day of trading at $9.51.

Aquantia develops Ethernet connectivity solutions for cloud computing and next generation enterprise networks to help businesses convert from outdated Gigabit Ethernet to Multi-Gigabit Ethernet.