SkyWater Technology, a US-based semiconductor foundry offering engineering and fabrication services, raised $97 million by offering 7.0 million shares at $14, the high end of the range of $12 to $14. The company offered 1.2 million more shares than anticipated. At pricing, the company commands a fully diluted market value of $575 million.
SkyWater Technology plans to list on the Nasdaq under the symbol SKYT. Jefferies, Cowen and Piper Sandler acted as lead managers on the deal.
