Adesto Technologies Priced, Nasdaq: IOTS

Fabless provider of flash memory chips for Internet of Things devices.

Industry: Technology

Latest Trade: $4.80 -0.15 (-3.0%)

First Day Return: +18.0%

Return from IPO: -1.0%

Industry: Technology

We are a leading provider of application-specific, feature-rich, ultra-low power non-volatile memory products. We optimize our NVM products for Internet of Things applications including current and next-generation Internet-connected devices in the consumer, industrial, medical and wearables markets. We combine our NVM design capabilities with proprietary intellectual property and differentiated technology platforms to deliver high-performance products that dramatically reduce the overall energy consumption of our customers’ systems and extend battery life. Our products feature embedded intelligence in a small form factor and high reliability. We believe that our ultra-low power and feature-rich NVM products will become a key hardware building block for billions of IoT edge devices operating on and connected to networks worldwide. Through December 31, 2014, we have shipped over 200 million units to more than 500 end customers.
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IPO News for Adesto Technologies
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IPO Data
IPO File Date 09/14/2015
Offer Price $5.00
Price Range $5.00 - $5.00
Offer Shares (mm) 5.0
Deal Size ($mm) $25
IPO Data
IPO Date 10/26/2015
Offer Price $5.00
Price Range $5.00 - $5.00
Offer Shares (mm) 5.0
Deal Size ($mm) $25
Underwriters
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Company Data
Headquarters Sunnyvale, CA
Founded 2006
Employees 84
Website www.adestotech.com