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Secure & High-Speed Connectivity Solutions Provider CREDO TECHNOLOGY GROUP HOLDING Files for $100 Million US IPO
2022-01-05

Esther Thin

Credo Technology Group Holding Ltd, a secure and high-speed connectivity solutions provider, has filed Form S-1 Registration Statement on January 3, 2022 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce.

The company’s products are based on our Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Product families include integrated circuits (ICs), Active Electrical Cables (AECs) and SerDes Chiplets. Their proprietary SerDes and DSP technologies enable them to disrupt competition in existing markets, lead the way into emerging markets and innovate to create new market opportunities.

The San Jose, California-based company was founded in 2008 and booked $70 million in revenue for the 12 months ended October 31, 2021. It plans to list on the Nasdaq Global Select Market under the symbol “CRDO.” Goldman Sachs and BofA Securities are the underwriters of the IPO.

The company engages Maples and Calder (Cayman) LLP as US Securities Counsel, and Ernst & Young LLP as Independent Auditor.

#ipo #nasdaq #CredoTechnology #connectivity #Solutions #digital

 

 

 

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