Credo Technology Group Holding Ltd.
| General Information | |
| Business: | Credo is an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. (Incorporated in the Cayman Islands)
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 port markets. Our products are based on our proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Our product families include integrated circuits (ICs), Active Electrical Cables (AECs) and SerDes Chiplets. Our intellectual property (IP) solutions consist primarily of SerDes IP licensing.
(Note: Credo Technology Group Holding, Ltd. cut its IPO at pricing on Jan. 26, 2022: 20 million shares, down from 25 million in the prospectus, at $10 – the bottom of the $10-to-$12 range – to raise $200 million. That’s far below the estimated IPO proceeds of $275 million, had the full 25 million shares been priced at the $11 mid-point.)
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| Industry: | SEMICONDUCTORS & RELATED DEVICES |
| Employees: | 354 |
| Founded: | 2008 |
| Contact Information | |
| Address | c/o Maples Corporate Services, Limited, PO Box 309, Ugland House Grand Cayman, KY1-1104, Cayman Islands |
| Phone Number | (408) 664-9329 |
| Web Address | http://www.credosemi.com/ |
| View Prospectus: | Credo Technology Group Holding Ltd. |
| Financial Information | |
| Market Cap | $1399.5mil |
| Revenues | $70.4 mil (last 12 months) |
| Net Income | $-24.9 mil (last 12 months) |
| IPO Profile | |
| Symbol | CRDO |
| Exchange | NASDAQ |
| Shares (millions): | 20.0 |
| Price range | $10.00 - $10.00 |
| Est. $ Volume | $200.0 mil |
| Manager / Joint Managers | Goldman Sachs/BofA Securities/ Cowen and Company/ Mizuho Securities/ Needham & Co./Stifel |
| CO-Managers | Craig-Hallum/ Roth Capital Partners/ Cathay Securities Corp. |
| Expected To Trade: | 1/27/2022 |
| Status: | Priced |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |