Exciting news in the tech industry as Silvaco Group, Inc. has announced the launch of its initial public offering (IPO) of 6,000,000 shares of its common stock. The company, based in Santa Clara, CA, is a leading provider of TCAD, EDA software, and SIP solutions that empower semiconductor design and AI through cutting-edge software and innovation.
The IPO, with an estimated price range of $17 to $19 per share, will also include an option for underwriters to purchase up to an additional 900,000 shares of Silvaco’s common stock. The company’s common stock is set to trade on the Nasdaq Global Select Market under the ticker symbol “SVCO.”
The net proceeds from the offering are intended for various corporate purposes, such as working capital, selling and marketing activities, research and product development, general administrative matters, debt repayment, and capital expenditures. Additionally, a portion of the proceeds may be allocated to meet tax obligations related to equity compensation awards for Silvaco’s employees.
Jefferies and TD Cowen are serving as joint book-running managers for the IPO, with B. Riley Securities, Craig-Hallum Capital Group, and Rosenblatt acting as co-managers for the offering.
It is important to note that the offering will be conducted through a prospectus, and interested parties can obtain copies of the preliminary prospectus from Jefferies LLC and TD Securities (USA) LLC.
While a registration statement has been filed with the U.S. Securities and Exchange Commission, the securities will only be available for sale once the registration statement becomes effective. This press release serves as an announcement of the IPO and does not constitute an offer to sell or solicitation to buy the securities.
As a key player in the industry, Silvaco continues to drive innovation in semiconductor design and AI through its TCAD, EDA software, and SIP solutions. Stay tuned for more updates on Silvaco’s journey as it ventures into the public market.
