Chip designer Ambiq Micro slips as it eyes equity raise
BUZZ-Chip designer Ambiq Micro slips as it eyes equity raise ** 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)