Chip firm Ambiq Micro climbs after upsized stock offering

Ambiq Micro

23/01/2026 16:38

Updates

    ** Ambiq Micro AMBQ.N shares reverse small premarket losses and climb 7% to $35 on Fri
    after chip designer's upsized follow-on

    ** Austin, Texas-based co late Thurs announced pricing of ~2.7 mln shares,
    a 5.2% discount to last sale

    ** Offering, which was boosted from 2.2 mln shares, includes 42,949 shares offloaded by certain holders

    ** AMBQ expects to use net proceeds it receives primarily for general purposes, including sales and marketing activities, product development, and capex, per the prospectus

    ** BofA and UBS joint lead bookrunners

    ** AMBQ went public in Jul IPO priced at $24

    ** Stock has traded as high as $51.76 (Aug 1) and as low as $22.12 (Nov 21)

    ** 2 of 4 analysts rate stock "strong buy" or "buy", 2 rate "hold"; median PT $36, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))