Monday, October 17, 2016

Quantenna Sets IPO Pricing Range, Selects NASDAQ

Fremont-based wireless semiconductor developer Quantenna set its estimated IPO pricing range this morning, saying in an updated S-1 that it now expects to sell 6,700,000 shares of its common stock at between $14.00 and $16.00 per share. The company has applied to trade on the NASDAQ Global Select Market as QTNA. The company's IPO is being underwritten by Morgan Stanley, Barclays, Deutsche Bank Securities, Needham & Company, William Blair, and Roth Capital Partners. The company is venture backed by Sequoia Capital, RUSNANO, Venrock Associations, Sigma Partners, Southern Cross Venture Partners, DAG Ventures, and others.