Credo Technology Group Holding Ltd

Credo Technology Group Holding Ltd (CRDO) priced its initial public offering on Jan 27, 2022 at $10.00 per share, raising $200M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $1.4B. Goldman Sachs was lead-left underwriter, joined by BofA Securities, TD Cowen and Mizuho and others. Maples and Calder and Davis Polk advised the company and Sullivan & Cromwell advised the underwriters.

Credo Technology Group Holding Ltd provides high-speed connectivity solutions for data infrastructure, optimized for optical and electrical Ethernet applications including 100G to 800G ports. Its products are built on proprietary SerDes and digital signal processing technology.

Status

IPO

Ticker

CRDO

Exchange

Nasdaq Global Select

Priced

Jan 27, 2022

IPO price

$10.00

Raised

$200M

Market cap at IPO price

$1.4B

First filed

Jan 3, 2022

Underwriters

Goldman Sachs, BofA Securities, TD Cowen, Mizuho, Needham, Stifel, Craig-Hallum, Roth Capital and Cathay Securities

Company counsel

Maples and Calder and Davis Polk

Underwriters' counsel

Sullivan & Cromwell

Sector

Technology

Country / state

Cayman Islands

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.