Ambiq Prices US$96 Mln IPO, Set To Debut On NYSE As 'AMBQ'
According to the statement, the Austin-based company is offering four million shares, with a 30-day option for underwriters to purchase 600,000 more to cover over-allotments.
The shares are expected to begin trading on the New York Stock Exchange under the ticker 'AMBQ' on July 30, with the offering expected to close the next day, pending customary approvals.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
5 hours ago
- The Sun
Malaysia launches exporter outreach, reforms post-US tariff deal
KUALA LUMPUR: Malaysia will implement three major initiatives—exporter outreach, regulatory reforms, and nationwide supply chain mapping—following its recent tariff agreement with the US. The deal reduces tariffs on Malaysian goods from 25% to 19%, effective August 1. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz stated the agreement resulted from 'months of intense but thorough as well as methodical negotiations' without compromising Malaysia's 'red lines' in strategic sectors. 'Most importantly, we achieved this without conceding on our red lines in key areas,' he said during his keynote at The Edge Malaysia Centurion Club Awards 2025. Protected areas include foreign equity limits in strategic industries, digital legal safeguards, and halal standards. 'The negotiation package was a full-of-nation offer, not just the government, but all (of you)—many companies contributed to that,' he added. Post-deal, the government's focus includes: 1. **Exporter Outreach:** Engaging SMEs and multinationals to mitigate tariff impacts. 2. **Regulatory Reform:** Cutting bureaucratic overlaps and outdated rules. 3. **Supply Chain Mapping:** Strengthening industrial roles in global supply chains. Tengku Zafrul highlighted Malaysia's mid-cap companies (RM100m–RM1b market cap) as vital to the New Industrial Master Plan 2030. 'As of March 31, there are 519 such Centurions, critical to our national economic aspirations,' he noted. - Bernama
The Sun
5 hours ago
- The Sun
Malaysia sets sights on becoming Asean pharmaceutical and healthcare hub
KUALA LUMPUR: Malaysia is setting its sights on becoming a halal pharmaceutical and healthcare hub for Asean, leveraging partnerships with India's booming pharma sector as industry leaders prepare for the Second Malaysia Pharma and Healthcare Expo (MPHC 2025) in October. The expo, to be held at the World Trade Centre Kuala Lumpur from Oct 7 to 9, is expected to attract over 100 companies, up from 70 last year, alongside policymakers, researchers and investors across Asean, India, Australia and South Korea. Organisers say the event will spotlight innovations in halal-certified drugs, active pharmaceutical ingredients (APIs), biotech, regenerative medicine, telehealth and AI-driven diagnostics. Malaysia-India Business Council general secretary Datuk Surendran Menon said trade between Malaysia and India stood at US$20 billion (RM84.6 billion) in 2024, but pharmaceuticals made up just US$96–$104 million of that figure, a sign of significant untapped potential. 'India is known as the pharma of the world, while Malaysia offers halal regulation expertise and a strategic Asean strong potential in contract manufacturing, technology transfer and joint R&D, especially in halal pharmaceuticals and vaccines,' Surendran told reporters at a media briefing today. He said Malaysia imports over 70% of its pharmaceutical products, and the government's national pharmaceutical policy is pushing for greater domestic production, a move that could entice Indian firms seeking to expand into Asean markets. He also pointed to India's own 200 million-strong Muslim population as an untapped market for halal pharma products manufactured in Malaysia. 'Even if we tap just 50 million of that halal market in India, it's far larger than our domestic market here. Halal-certified medicines made in Malaysia could be exported not just across Asean but also back into India itself,' he said. This strategy, he added, would allow two-way investment flows, Indian companies bringing R&D and cost efficiencies to Malaysia, while Malaysian firms could set up manufacturing or joint ventures in India. Asean-India Economic Council chairman Datuk Ramesh Kodammal said Malaysia stands to benefit from India's US$50 billion pharmaceutical export industry, particularly as Asean and India review their free trade agreement, which has been in place for 11 years. 'If we work closely with India, we will have a lot of benefit,' he said, adding Malaysia has a great advantage of re-exporting with these Indian companies for the Asean market a huge market of 700 million people. Ramesh confirmed 40 Indian companies are slated to participate in MPHC 2025, alongside Asean, Australian and South Korean firms.
The Sun
6 hours ago
- The Sun
Preserve national unity and peace for independence, urges Ewon
PENAMPANG: Entrepreneur and Cooperatives Development Minister Datuk Ewon Benedick has called on Malaysians, particularly in Sabah, to uphold the true meaning of independence by preserving unity, well-being, and peace. He emphasised that harmony and stability are crucial for sustainable national development and sovereignty. 'This all starts with cooperation, unity, and harmony because if the people are at odds with one another, unable to cooperate or be in harmony, how can national sovereignty be defended?' Ewon said after launching the Sabah Kembara Merdeka Jalur Gemilang 2025 convoy. The event, organised by the Sabah Information Department, involves 20 vehicles and 60 participants covering 2,500 kilometres across 75 locations in 20 days. The convoy began in Penampang and will conclude in Tuaran on Aug 23. Ewon encouraged Sabahans to join the 'One House, One Jalur Gemilang' initiative by displaying the national flag at their homes. He also highlighted the relevance of this year's National Day theme, 'Malaysia MADANI, Rakyat Disantuni,' aligning it with the 13th Malaysia Plan's goals of uplifting the people's dignity. 'I hope this theme reaches the grassroots. I am confident that the people understand what the government is doing, which is not only to care for them but also to champion and uplift their dignity,' he said. - Bernama
