Silvaco Group, which provides design automation software and semiconductor IP solutions, announced terms for its IPO on Tuesday.
The Santa Clara, CA-based company plans to raise $108 million by offering 6 million shares at a price range of $17 to $19. At the midpoint of the proposed range, Silvaco Group would command a fully diluted market value of $555 million.
Concurrently, a selling stockholder is registering approximately 311 thousand shares that may be sold time to time via a separate resale prospectus.
Silvaco provides technology computer aided design (TCAD) software, electronic design automation (EDA) software, and semiconductor intellectual property (SIP), which enable semiconductor and photonics companies to increase productivity, accelerate products' time-to-market, and reduce development and manufacturing costs. Its customers include semiconductor manufacturers, original equipment manufacturers, and original design manufacturers who deploy Silvaco's solutions in production flows across its target markets, including display, power devices, and automotive, among others.
Silvaco Group was founded in 1984 and booked $54 million in revenue for the 12 months ended December 31, 2023. It plans to list on the Nasdaq under the symbol SVCO. Jefferies and TD Securities are the joint bookrunners on the deal. It is expected to price during the week of May 6, 2024.
