Airgain, which supplies embedded antennas for Wi-Fi routers and other electronic device, announced terms for its IPO on Friday.
The San Diego, CA-based company plans to raise $14 million by offering 1.5 million shares at a price range of $9 to $10. At the midpoint of the proposed range, Airgain would command a fully diluted market value of $78 million.
Airgain was founded in 1995 and booked $31 million in sales for the 12 months ended March 31, 2016. It plans to list on the Nasdaq under the symbol AIRG. Northland Securities and Wunderlich Securities are the joint bookrunners on the deal. A pricing date has not yet been disclosed.
