Credo Tech Shares Pop After Completing Its IPO

  • Credo Technology Group Holding Ltd CRDO completed an initial public offering of 20 million shares at $10.00 per share. 
  • The company raised $183.8 million from the offering.
  • The underwriters had a 30-day option to purchase additional shares up to 3 million.
  • Related Content: Credo announces pricing of initial public offering
  • On February 7, the underwriters exercised the option to purchase additional shares in total.  
  • Credo delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides innovative, 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.
  • Price Action: CRDO shares traded higher by 3.92% at $15.79 on the last check Friday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsOfferingsTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!