Semiconductor and software company Syntiant Corp files for US IPO
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July 6 : Semiconductor and software company Syntiant Corp filed for an initial public offering in the United States on Monday.
The listing is the latest in a string of AI-related IPOs this year, amid a broader revival in the U.S. IPO market as companies seek to capitalize on growing investor confidence.
More than $260 billion of equity issuance is expected to arrive this year, said J.P.Morgan in a note.
Syntiant plans to list its shares on the Nasdaq Global Market under the symbol “SYTN.”
Citigroup, BofA Securities, UBS Investment Bank and Needham & Company are among the underwriters for the offering.
Source: Reuters
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