Ambiq Micro, a chipmaker known for building energy-efficient semiconductors for wearables and medical devices, saw its shares surge 61 percent on its first day of trading. The company’s stock closed at $38.53, up from its initial public offering price of $24 set just a day earlier.
The strong debut highlights growing investor interest in small-cap companies that are positioned to benefit from advancements in artificial intelligence. Ambiq ended its first trading day with a market valuation of $656 million, not including employee stock options. This marks a notable rise from its last private valuation of $450 million in 2023.
Ambiq has emphasized its potential to lead in the AI space thanks to its ultra low energy technology. “Because we’re so low energy, we can put more intelligence and more AI on board” of edge processors, said the company’s chief technology officer Scott Hanson.
Financial documents filed ahead of the IPO show that for the quarter ending March 31, Ambiq recorded a net loss of $8.3 million on $15.7 million in revenue. That’s a slight improvement over the same period in 2024, when it posted a $9.8 million loss on $15.2 million in revenue.
Ambiq’s largest external investors include Kleiner Perkins and EDB Investments, a government-backed group from Singapore. Wen Hsieh, who previously served as a general partner at Kleiner Perkins until 2023, first invested in Ambiq during its Series C round in 2014. He later backed the company again through his own venture firm, Matter Venture Partners, which he started two years ago.
The IPO success is seen as a positive sign for similar companies aiming to grow in the AI and edge computing space.
Also read:Â Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter |The Mainstream formerly known as CIO News Whatsapp Channel | The Mainstream formerly known as CIO News Instagram
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
