Everspin Technologies, a provider of magnetic-based random access memory, filed on Friday with the SEC to raise up to $45 million in an initial public offering.
The Chandler, AZ-based company was founded in 2008 and booked $27 million in sales for the 12 months ended June 30, 2016. It plans to list on the Nasdaq under the symbol MRAM. Everspin Technologies filed confidentially on May 13, 2016. Stifel and Needham & Co. are the joint bookrunners on the deal. No pricing terms were disclosed.
