Everspin Technologies (MRAM) IPO Opens Up 14%

Today's IPO for Everspin Technologies, Inc. (Nasdaq: MRAM) opened for trading at $9.10 after pricing it initial public offering of 5,000,000 shares of its common stock at a public offering price of $8.00 per share, below the expected $11-$13 range.

Stifel and Needham & Company are acting as joint book-running managers for the offering. Canaccord Genuity and Craig-Hallum Capital Group are acting as co-managers.

Everspin Technologies is a provider of MRAM solutions.

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