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Credo Technology Group Holding Priced, Nasdaq: CRDO

Provides semiconductor solutions for optical and electrical Ethernet applications.

Industry: Technology

Latest Trade: $39.88 -0.55 (-1.4%)

First Day Return: +16.5%

Return from IPO: +304.3%

Industry: Technology

Credo is an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data generation and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Our innovations ease system bandwidth bottlenecks while simultaneously improving on power, security and reliability. Our connectivity solutions are optimized for optical and electrical Ethernet applications, including the emerging 100G (or Gigabits per second), 200G, 400G and 800G markets. Our products are based on our Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Our product families include integrated circuits (ICs), Active Electrical Cables (AECs) and SerDes Chiplets. Our IP solutions consist primarily of SerDes IP licensing. Data generation has increased dramatically over the past ten years, creating new and complicated challenges in both circuit and system design. Our proprietary SerDes and DSP technologies enable us to disrupt competition in existing markets, lead the way into emerging markets and innovate to create new market opportunities. While many others in the data infrastructure industry struggle to meet customers’ increasing performance and energy efficiency requirements, we continue to innovate to deliver groundbreaking solutions.
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IPO Data
IPO File Date 01/03/2022
Offer Price $10.00
Price Range $10.00 - $12.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/26/2022
Offer Price $10.00
Price Range $10.00 - $12.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Goldman Sachs
BofA Securities
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Company Data
Headquarters San Jose, CA, United States
Founded 2008
Employees at IPO 354
Website www.credosemi.com

Credo Technology Group Holding (CRDO) Performance