Adesto Technologies plans $50 million public offering of common stock

Needham, Roth Capital and Oppenheimer will have 30-day greenshoe

By Marisa Wong

Morgantown, W.Va., Sept. 14 – Adesto Technologies Corp. is planning an up to $50 million initial public offering of common stock, according to an S-1 filing with the Securities and Exchange Commission.

The deal will include a 30-day greenshoe.

Needham & Co., Roth Capital Partners and Oppenheimer & Co. are the underwriters.

Proceeds will be used for working capital and other general corporate purposes.

Adesto makes memory products for internet of Things (IoT) applications. The Sunnyvale, Calif., company has applied to list its shares on the Nasdaq under the symbol “IOTS.”

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