SUNNYVALE, Calif., Oct. 26, 2015 (GLOBE NEWSWIRE) -- Adesto Technologies Corporation, a leading provider of application-specific, feature-rich, ultra-low power non-volatile memory products, today announced the pricing of its initial public offering of 5,000,000 shares of its common stock at a public offering price of $5.00 per share. All shares of common stock are being offered by the company. In addition, Adesto has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock at the same price to cover over-allotments, if any.
The shares are expected to begin trading on the NASDAQ Capital Market on October 27, 2015, under the symbol "IOTS."
Needham & Company and Oppenheimer & Co. are acting as joint book-running managers for the offering. Roth Capital Partners is acting as co-manager for the offering.
A registration statement relating to the securities being sold in this offering was declared effective by the Securities and Exchange Commission on October 26, 2015. The offering will be made only by means of a prospectus. When available, copies of the final prospectus may be obtained from Needham & Company, LLC Attention: Syndicate Prospectus Department, 445 Park Avenue, 4th Floor, New York, New York 10022, or by telephone at 1-800-903-4696, or by email at email@example.com; and Oppenheimer & Co. Inc. Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004, or by telephone at (212) 667-8563, or by email at EquityProspectus@opco.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
CONTACT: Company Contact: David Viera Director, Corporate Communications 408-419-4844 firstname.lastname@example.org Adesto Technologies Investor Relations: Shelton Group Matt Kreps, Managing Director P: 214-272-0073 Leanne K. Sievers, Executive Vice President P: 949-836-4276 E: email@example.com
Source:Adesto Technologies Corporation