Chip designer Ambiq Micro slips as it eyes equity raise

Ambiq Micro

22/06/2026 16:22

** Chip designer Ambiq Micro's AMBQ.N shares fall 4.8% to $86.13 
** AMBQ files for public offering of 1.8 million shares 
** Proceeds to be used for general purposes, including sales and marketing activities and product development 
** Austin, Texas-based AMBQ had previously tapped equity capital markets in January 
** AMBQ had 21.4 million outstanding shares as of March 31
** BofA Securities, UBS Investment Bank, Needham, Stifel, and Roth Capital Partners underwriters for offering 
** AMBQ went public in New York last year after IPO priced at $24 apiece 
** Three of four brokerages rate the stock "buy" or higher and one "hold"; median PT $70 - data compiled by LSEG 
** As of last close, AMBQ stock up 217.5% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))