Credo Technology Group Holding Ltd.

General Information
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.)


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
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:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change