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