VC-backed Everspin Technologies goes public
Chandler, Arizona-based MRAM maker Everspin Technologies Inc has raised $40 million for its IPO after pricing its 5 million shares at $8 per share. The stock began trading October 7, 2016 on the NASDAQ under the ticker symbol "MRAM." Stifel and Needham & Company are serving as the lead underwriters. Everspin's backers included Globalfoundries, Western Digital Capital, New Venture Partners, Lux Capital, Sigma Partners, Epic Ventures and Draper Fisher Jurvetson.
7 October 2016•2 mins read
