Tuesday, March 19, 2024
Technology News
Trusted, Accurate, and Validated
Home / Business  / Aquantia Goes IPO; Raises $61.2 Million

Aquantia Goes IPO; Raises $61.2 Million

Aquantia Goes IPO; Raises $61.2 Million
Credit: aquantia.com

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connectivity solutions for cloud computing and next generation enterprise networks to help businesses convert from outdated Gigabit Ethernet to Multi-Gigabit Ethernet.

The startup had previously raised more than $185 million from investors like Cisco, New Enterprise Associates, Lightspeed Venture Partners, and Greylock Partners.

Continue reading