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.
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