Ambiq Micro opens at $38, IPO priced at $24 per share

Ambiq Micro (AMBQ), a provider of ultra-low power semiconductor solutions designed to address the significant power consumption challenges of general purpose and AI compute, priced 4M shares at $24.00. The deal size was increased to 4M shares of common stock from 3.4M shares of common stock and priced within the $22.00-$25.00 range. BofA and UBS acted as joint book running managers for the offering.