SAN FRANCISCO--Image processing chip vendor Ambarella Inc.has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of shares, the company said Monday (June 13).
The number of shares to be offered and the price range for the offering have not yet been determined, Ambarella (Santa Clara, Calif.) said.
Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. are acting as the joint book-running managers for the offering, Ambarella said. Stifel, Nicolaus & Co. Inc. and Needham & Co. LLC are acting as co-managers for the offering, the company said.
Ambarella, founded in 2004, provides high-definition video compression and image processing SoCs for broadcasting equipment, security cameras and consumer cameras. Its major backers include Benchmark Capital, Walden International, Matrix Partners and DAG Ventures.
Its good to see a semi startup going for IPO. But without any good PR all these years or any major manufacturers using their products, If a company suddenly comes out and wants to do an IPO, I will be skeptical about their success in the IPO.
David Patterson, known for his pioneering research that led to RAID, clusters and more, is part of a team at UC Berkeley that recently made its RISC-V processor architecture an open source hardware offering. We talk with Patterson and one of his colleagues behind the effort about the opportunities they see, what new kinds of designs they hope to enable and what it means for today’s commercial processor giants such as Intel, ARM and Imagination Technologies.