Adesto Technologies Corporation


Company Name:
Adesto Technologies Corporation  
Sector:
Semiconductors & Semiconductor Capital Equipment 
Transaction Type:
IPO 
Ticker Symbol:
IOTS 
Deal Amount:
$25M
Transaction Date:
10/26/2015 
Transaction Summary:
Adesto Technologies Corporation raised $25.0 million in its initial public offering at $5.00 per share. Needham acted as the lead bookrunner on the transaction. The net proceeds from the sale of the shares will be used by Adesto Technologies Corporation use the net proceeds from this offering for working capital and other general corporate purposes, to acquire or invest in complementary businesses, products, services, technologies or other assets, and for potential pay down of a $15.0 million term loan facility. 
Company Description:
Adesto Technologies Corporation (NASDAQ: IOTS) offers the world’s lowest power memory solutions unleashing innovation for a new class of connected applications and previously unimagined devices. The company has designed and built a portfolio of innovative products, including Fusion Serial Flash, DataFlash® and Mavriq™ serial memory. Adesto holds more than 100 patents with dozens more in process and is working with visionary companies across various industries to deploy its technology to the market. 
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