Arteris, Inc (AIP) IPO Opens 18% Higher

Today's IPO for Arteris, Inc (NYSE: AIP) opened for trading at $16.51 after pricing 5,000,000 shares of its common stock at a price to the public of $14.00 per share.

Jefferies LLC and Cowen are serving as lead bookrunners and BMO Capital Markets is serving as joint book-running manager for the offering. Northland Capital Markets and Rosenblatt Securities are acting as co-managers for the offering.

Arteris IP is a leading provider of System IP consisting of NoC interconnect and other IP as well as IP Deployment software that accelerate creation of SoC type semiconductors. Our products enable our customers to deliver increasingly complex SoCs that not only process data but are also able to make decisions.

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