Ambiq Micro, which designs ultra-low power chips for AI computing and other applications, announced terms for its IPO on Monday.
The Austin, TX-based company plans to raise $80 million by offering 3.4 million shares at a price range of $22 to $25. At the midpoint of the proposed range, Ambiq Micro would command a fully diluted market value of $435 million.
Ambiq Micro provides ultra-low power semiconductor solutions designed to address the significant power consumption challenges of general purpose and AI compute, especially at the edge. The company's proprietary Sub-threshold Power Optimized Technology (SPOT) platform is a proprietary ultra-low power chip design platform, consisting of a set of chip design techniques that allow standard transistors to operate in an ultra-low power mode called "sub-threshold" and "near-threshold." Ambiq's solutions include a diverse family of systems-on-chip (SoCs) and the software required to enable on-chip AI processing, general compute, sensing, security, storage, wireless connectivity, and advanced graphics. The company's products power over 270 million devices today. It shipped more than 42 million units in 2024, and it estimates that over 40% of them ran AI algorithms.
Ambiq Micro was founded in 2010 and booked $77 million in revenue for the 12 months ended March 31, 2025. It plans to list on the NYSE under the symbol AMBQ. BofA Securities, UBS Investment Bank, Needham & Co., and Stifel are the joint bookrunners on the deal. It is expected to price during the week of July 28, 2025.
