Quantenna Communications Announces Pricing of Initial Public Offering

On October 27, 2016, Quantenna Communications, a provider of high-performance Wi-Fi solutions, announced the pricing of its initial public offering of 6,700,000 shares of its common stock at a price to the public of $16.00 per share. The shares began trading on the Nasdaq Global Select Market on October 28, 2016, under the ticker symbol "QTNA." Wilson Sonsini Goodrich & Rosati is representing Quantenna in the offering.

The company has granted the underwriters a 30-day option to purchase up to 1,005,000 additional shares to cover over-allotments, if any. Morgan Stanley & Co., Barclays Capital, and Deutsche Bank Securities are acting as joint book-running managers for the offering, while Needham & Company, William Blair & Company, and Roth Capital Partners are acting as co-managers.

The WSGR team representing Quantenna in the offering includes partners Arthur Schneiderman and Jack Sheridan and associates Derk Lupinek, Erin Guldiken, Keith Spence, and Jacqueline Chao.

For more information, please see Quantenna's press release.