SAN JOSE, Calif., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (“Credo”) (Nasdaq: CRDO) today announced the pricing of its initial public offering of 20,000,000 of its ordinary shares at a price to the public of $10.00 per share. The shares are expected to begin trading on the Nasdaq Global Select Market on January 27, 2022 under the symbol “CRDO”. An aggregate of 18,383,800 of the shares are being offered by Credo and 1,616,200 shares are being offered by selling shareholders. The gross proceeds from the offering to Credo, before deducting underwriting discounts and commissions and other offering expenses payable by Credo, are expected to be $183.8 million. The offering is scheduled to close on January 31, 2022, subject to the satisfaction of customary closing conditions. The underwriters for the offering also have a 30-day option to purchase up to an additional 3,000,000 ordinary shares from Credo at the price to the public, less underwriting discounts and commissions.
Credo announces pricing of initial public offering
Jan 27, 2022
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