Ambarella prices IPO at $6, well below the range


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Ambarella, a fabless designer of chips for high definition video capture in cameras, raised $36 million by offering 6 million shares at $6, 40% below the midpoint of the $9-$11 range. Ambarella plans to list on the NASDAQ under the symbol AMBA. Morgan Stanley and Deutsche Bank acted as lead managers on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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