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IPO Watch: Aquantia Primed For Big Debut

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Aquantia Corp. has filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering.

The number of shares to be offered and the price range for the proposed offering have not yet been determined. Aquantia has applied to list its common stock on the New York Stock Exchange under the ticker symbol "AQ."

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

San Jose, California-based Aquantia provides service of design, development and marketing of advanced, high-speed communications ICs for Ethernet connectivity in the data center, enterprise infrastructure and access markets.

Aquantia had reported revenue of $86.7 million in 2016 and an unadjusted loss of 10 cents a share.

by RTT Staff Writer

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