Silvaco Group, which provides design automation software and semiconductor IP solutions, raised $114 million by offering 6 million shares at $19, the high end of the range of $17 to $19.
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 plans to list on the Nasdaq under the symbol SVCO. Jefferies and TD Securities acted as joint bookrunners on the deal.
