Kleiner Perkins-backed Ambiq pops on IPO debut

Kleiner Perkins-backed Ambiq pops on IPO debut

Ambiq Micro, a 15-year-old manufacturer of energy-efficient chips for wearable and medical devices, closed its first day of trading on Wednesday at $38.53 a share, a 61% increase from the $24 IPO price the company set the previous day. The success of the IPO signals...