Aquantia, a fabless provider of 10 Gigabit Ethernet ICs, filed on Friday with the SEC to raise up to $86 million in an initial public offering.
The San Jose, CA-based company was founded in 2004 and booked $94 million in sales for the 12 months ended June 30, 2017. It plans to list on the NYSE under the symbol AQ. Aquantia filed confidentially on February 3, 2016. Morgan Stanley, Barclays and Deutsche Bank are the joint bookrunners on the deal. No pricing terms were disclosed.
