Semiconductor technology company Arteris rose over 15% in morning trading with its IPO price at $14 per share

Semiconductor technology company Arteris rose over 15% in morning trading with its IPO price at $14 per share.Founded in 2003 as Arteris IP, Arteris is a leading provider of interconnection and other intellectual property (IP) technologies that manage on-chip communications in System-on-Chip (SoC) semiconductor devices.

In 2019-2020, the company's revenue was US $26.73 million and US $27.41 million respectively, and the corresponding net profit and loss during this period were US $5.84 million and US $3.26 million respectively. In the first half of 2021, its revenue was US $16.22 million, compared with US $8.8 million in the same period of last year, and the corresponding net profit recorded losses of US $10.63 million and US $6.7 million.