Another Silicon Valley tech IPO hits top of targets

By October 28, 2016Uncategorized
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SILICON VALLEY — Quantenna Communications on Friday kept the recent revival in Silicon Valley IPOs going with an offering that raised $107 million after hitting the top of its target range.

The Fremont wireless video chip designer is now set to begin trading with the symbol of QTNA on Nasdaq on Friday. It will start the day with a market cap of about $600 million.

It sold 6.7 million shares for $16 each, at the top of the target range it set of between $14 and $16. Underwriters have the option…