Ambarella sets terms for $60 million IPO

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Ambarella, a developer of semiconductor offerings for high definition video capture and display, announced terms for its IPO on Wednesday. The Santa Clara, CA-based company plans to raise $60 million by offering 6.0 million shares (18% insider) at a price range of $9 to $11. At the midpoint of the proposed range, Ambarella would command a fully diluted market value of $278 million.

Ambarella, which was founded in 2004 and booked $107 million in sales for the 12 months ended 7/31/2012, plans to list on the NASDAQ under the symbol AMBA. Morgan Stanley and Deutsche Bank are the joint bookrunners on the deal.



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



This article appears in: News Headlines , IPOs

Referenced Stocks: AMBA

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