Chip firm Ambiq Micro edges lower after upsized stock offering

Ambiq Micro

23/01/2026 13:32

** Ambiq Micro AMBQ.N shares down 0.6% at $32.50 before the bell after chip designer's follow-on priced

    ** Austin, Texas-based co late Thurs announced ~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)

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

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