This week, the IPO market is hosting a rare event: a listing from a small-cap tech company.
Semiconductor design software and services provider Silvaco (SVCO) is scheduled to raise $108 million at a $555 million market cap. Founded in 1984, this bootstrapped company provides a suite of solutions that address the entire design cycle for customers in various end markets, including power electronics and 5G/6G. While the company is relatively small compared to competitors like Synopsys and Cadence – it booked $54 million in revenue in 2023 – Silvaco expects to drive growth through its collaboration with Micron, increasing adoption of next-gen chip materials, and strategic acquisitions.
Small-cap tech IPOs, or those with valuations between $250 million and $2 billion, have largely disappeared over the past...
To read the full article, sign up for a free trial of IPO Pro, the platform that gives you all of the IPO information you need, all in one place.
