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Magnetic RAM hopes to attract investors: Everspin Technologies prices upsized IPO below range at $8

October 7, 2016
MRAM

Everspin Technologies, which provides magnetoresistive random access memory (MRAM) chips, raised $40 million by offering 5 million shares at $8. Everspin Technologies plans to list on the Nasdaq under the symbol MRAM. Stifel and Needham & Co. acted as lead managers on the deal.