FREMONT, Calif., Oct. 27, 2016 (GLOBE NEWSWIRE) -- Quantenna Communications, Inc. (NASDAQ:QTNA) today announced the pricing of its initial public offering of 6,700,000 shares of its common stock at a price to the public of $16.00 per share. In addition, Quantenna has granted the underwriters a 30-day option to purchase up to an additional 1,005,000 shares of common stock to cover over-allotments, if any. The shares are expected to begin trading on The NASDAQ Global Select Market on October 28, 2016 under the symbol “QTNA.”
Morgan Stanley & Co. LLC, Barclays Capital Inc. and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering. Needham & Company, LLC, William Blair & Company, L.L.C. and Roth Capital Partners, LLC are acting as co-managers for the offering.
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the 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.