Quantenna Communications Launches Initial Public Offering

FREMONT, CA--(Marketwired - October 17, 2016) - Quantenna Communications, Inc. ("Quantenna"), a provider of high-performance Wi-Fi solutions, today announced that it expects to launch the initial public offering (IPO) of its common stock on October 17, 2016. The offering is for 6.7 million shares at an initial price range of $14.00 to $16.00 per share. The Company also expects to grant the underwriters an option to purchase up to 1,005,000 additional shares. Quantenna has applied to list its common stock on the NASDAQ Global Select Market under the ticker symbol "QTNA."

Morgan Stanley, Barclays and Deutsche Bank Securities are acting as joint bookrunners for the transaction. Needham & Company, William Blair, and Roth Capital Partners are acting as co-managers.

The offering will be made only by means of a prospectus. A copy of the preliminary prospectus related to the offering may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847, or by email at Barclaysprospectus@broadridge.com; or from Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, NY 10005, by telephone: 800-503-4611, or by email at prospectus.CPDG@db.com.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Quantenna Communications

Quantenna is a provider of high-performance Wi-Fi solutions. Quantenna's solutions combine semiconductor architecture with system-level software and cloud analytics with the goal of delivering the highest speed, broadest coverage, highest capacity, and most reliable performance. Quantenna's solutions primarily serve the non-mobile device market.

Forward-Looking Statements

This press release contains certain forward-looking statements, including statements with regard to Quantenna's proposed securities offering. Words such as "believes," "intends," "expects," "projects," "anticipates," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on Quantenna's current expectations and assumptions and are subject to the inherent uncertainties in predicting future results and conditions. No assurance can be given that the proposed securities offering discussed above will be consummated on the terms described or at all. Completion of the proposed securities offering and the terms thereof are subject to numerous factors, many of which are beyond the control of Quantenna, including, without limitation, market conditions, failure of customary closing conditions and other matters set forth in Quantenna's filings with the U.S. Securities and Exchange Commission. For more information concerning factors that could cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the "Risk Factors" section of the prospectus included in the registration statement, in the form last filed with the SEC. Quantenna undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.



Investor Relations Contact: 

Suzanne Schmidt
The Blueshirt Group
Telephone: 415-217-4962
Email: 
Email contact


Soohwan Kim, CFA The Blueshirt Group Telephone: 415-489-2208 Email: Email contact




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