Ambarella IPO: The video semiconductor processing company filed its latest amended Form S-1 filing with the SEC on August 22, 2012.
According to the regulatory filing, Ambarella has applied to list its common shares on The NASDAQ Global Market under the symbol “AMBA.” But the number of shares which will be sold in the public offering and Ambarella IPO price have not been disclosed in the the amended prospectus.
Ambarella, Inc. is a leading developer of semiconductor processing solutions into the camera and infrastructure markets. Ambarella grew its revenues from $24.49 million in fiscal 2008 to $97.26 million in fiscal 2012 at CAGR of 41%. The company incurred net losses of $5.91 million and $2.95 million for fiscal 2008 and 2009, respectively, but realized net incomes of $13.29 million, $13.93 million and $9.82 million for fiscal 2010, 2011 and 2012, respectively. For the three months ended April 30, the developer of semiconductor processing solutions for video posted a net income of $2.60 million on revenue of $25.92, compared to a net income of $2.02 million on revenue of $21.64 million.
Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. are acting as lead underwriters of Ambarella IPO. Stifel, Nicolaus & Company, Incorporated and Needham & Company, LLC are also involved in this deal.
Net proceeds from Ambarella IPO will be used for general corporate purposes, including working capital and capital expenditures; to acquire businesses, products or technologies which are complementary to its own business.