Aquantia Files for Possible IPO

Aquantia Files for Possible IPO
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Aquantia recently declared that it has publicly filed an initial public offering with the U.S. Securities and Exchange Commission. The quantity of stocks to be offered and the value for the proposed offering have not yet been identified. Aquantia will list its regular stock on the New York Stock Exchange under the ticker “AQ.”

The San Jose, California-based organization makes high-speed integrated circuits for Ethernet associations. These circuits help move large amounts of information inside data centers.

Aquantia earned income of $86.7 million in 2016 with a loss of only $400,000. For the main portion of 2017, the organization accounted income of $48.8 million and an unadjusted loss of 74 cents a share (up 18 percent), had a net benefit of $27.85 million (up 10.5 percent), and saw a net loss of $3.36 million, versus $569,000 in the previous year. Parts of the returns of the offering are reserved to prepay overdrawn amounts under a term credit, whose principal was $23.8 million as of December 2015.

Morgan Stanley and Co. LLC, Barclays Capital Inc. and Deutsche Bank Securities are acting as underwriters for the proposed IPO. Needham and Company and Raymond James are acting as co-managers.

A registration statement has been documented with the SEC but has not yet gone into effect. These securities may not be sold nor offered for purchase until the statement becomes effective.


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Kashish Ambekar
Kashish Ambekar
Kashish moved to UAE from London after graduating from UEL in Masters of Business Administration specialising in Finance. Money smelt good although tipping in rubies was a forte in Dubai which he couldn’t afford let alone implement. India happened naturally by birth and the ever developing market proved no bounds in almost every Industry. The Art of writing came naturally to him, short stories to professional articles in lieu of being therapeutic once, to a full time content writer. Currently he works for XDBS as a senior business development manager and is extremely devoted as much as his thoughts have found a way to be penned for technology in support to TechFunnel.com.

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