SMART Global Holdings, which is a leading specialty memory solutions manufacturer, filed on Friday with the SEC to raise up to $50 million in an initial public offering.
The Newark, CA-based company was founded in 1988 and booked $627 million in sales for the 12 months ended February 28, 2017. It plans to list on the Nasdaq under the symbol SGH. SMART Global Holdings filed confidentially on March 3, 2017. Barclays, Deutsche Bank, Jefferies and Stifel are the joint bookrunners on the deal. No pricing terms were disclosed.
