Thursday, 31 July, 2025
Kleiner Perkins‑Backed Ambiq Micro Shares Surge ~60% on IPO Debut Amid Strong Edge‑AI Demand
Ambiq Micro, a 15‑year‑old maker of ultra‑low‑power chips for edge AI in wearables and healthcare devices, raised $96 million in its IPO priced at $24 per share. Upon its New York debut, the stock soared over 60%, closing at $38.53—reflecting robust investor appetite for energy‑efficient AI innovation. The company’s market cap climbed from around $450 million pre‑IPO to approximately $656 million post‑listing.
Read full story at TechCrunch