Arteris IP announces the price of its IPO

Posted: October 26, 2021 at 10:36 PM CDT

CAMPBELL, California, October 26, 2021 / PRNewswire / – Arteris IP, a leading provider of system-on-chip (SoC) intellectual property (IP) software consisting of network-on-chip (NoC) IP and IP deployment software, has announced today the price of its first public offering of 5,000,000 shares of its ordinary shares at a public price of $ 14.00 per share. The gross proceeds of the offering for Arteris IP, before deduction of subscription discounts and commissions and offering costs, should be $ 70.0 million. All actions are offered by Arteris IP. In addition, Arteris IP has granted the underwriters a 30-day option to purchase up to 750,000 additional shares of its common shares at the initial public offering price, less subscription rebates and commissions.

The shares are expected to begin trading on the Nasdaq Global Market on October 27, 2021 under the symbol “AIP” and the offer should close on October 29, 2021, subject to the satisfaction of the usual closing conditions.

Jefferies LLC and Cowen are the principal bookkeepers and BMO Capital Markets is acting as joint lead manager for the offering. Northland Capital Markets and Rosenblatt Securities act as co-managers of the offering.

A registration statement relating to the sale of these securities was filed with the Securities and Exchange Commission on October 26, 2021. Copies of the registration statement can be viewed on the Securities and Exchange Commission website at www.sec.gov. The offer is made only by means of a written prospectus, which forms part of the actual registration statement. A copy of the final prospectus relating to the offering may be obtained, when available, from: Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022; by phone at (877) 821-7388; or by e-mail to Prospectus_Department@Jefferies.com; and Cowen and Company, LLC, c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Attn: Prospectus Department, by phone at (833) 297-2926, or by email at PostSaleManualRequests@broadridge.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy such securities, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal before registration. or qualification under the securities laws of any such state or jurisdiction.

About Arteris IP

Arteris IP is a leading provider of IP systems comprised of NoC interconnects and other IP software as well as IP deployment that accelerate the creation of SoC-like semiconductors. Our products enable our customers to deliver increasingly complex SoCs that not only process data, but are also able to make decisions.

Investor contacts

Nick hawkins, vice-president and chief financial officer
Arteris, Inc.
ir@arteris.com

Erica Mannion Where Mike Funari
Sapphire, LLC Investor Relations
+1 617 542 6180
ir@arteris.com

Media contact

Kurt shuler
IP Arteris
+1 408 470 7300
kurt.shuler@arteris.com

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SOURCE IP Arteris

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