Silvaco Announces Pricing of Initial Public Offering
2024年5月9日 - 8:11AM
ビジネスワイヤ(英語)
Silvaco Group, Inc. (“Silvaco”), a provider of TCAD, EDA
software, and SIP solutions that enable semiconductor design and AI
through software and innovation, today announced the pricing of its
initial public offering of 6,000,000 shares of its common stock at
a public offering price of $19.00 per share. All of the shares of
common stock are being offered by Silvaco. The aggregate gross
proceeds to Silvaco from the offering are expected to be $114.0
million before deducting underwriting discounts and commissions and
other offering expenses payable by Silvaco. Silvaco’s common stock
is expected to begin trading on the Nasdaq Global Select Market on
May 9, 2024 under the ticker symbol “SVCO.” The offering is
expected to close on May 13, 2024, subject to the satisfaction of
customary closing conditions. In addition, Silvaco has granted the
underwriters a 30-day option to purchase up to an additional
900,000 shares of Silvaco’s common stock from Silvaco at the public
offering price, less underwriting discounts and commissions.
Silvaco currently intends to use the net proceeds from this
offering for general corporate purposes, including working capital,
selling and marketing activities, research and product development,
general and administrative matters, the repayment of outstanding
debt, and capital expenditures. Silvaco may elect to use a portion
of the net proceeds to satisfy the anticipated tax withholding and
remittance obligations in connection with the settlement of certain
equity compensation awards of Silvaco’s employees.
Jefferies and TD Cowen are acting as joint book-running managers
for the offering. Needham & Company is acting as lead manager
and Craig-Hallum Capital Group and Rosenblatt are acting as
co-managers for the offering.
A registration statement relating to these securities has been
filed with the U.S. Securities and Exchange Commission and was
declared effective on May 8, 2024. The offering is being made only
by means of a prospectus. Copies of the final prospectus, when
available, may be obtained from: Jefferies LLC, Attention: Equity
Syndicate Prospectus Department, 520 Madison Avenue, New York, NY
10022, by telephone at (877) 821-7388, or by email at
Prospectus_Department@Jefferies.com; or TD Securities (USA) LLC, 1
Vanderbilt Avenue, New York, NY 10017, by telephone at (855)
495-9846, or by email at TD.ECM_Prospectus@tdsecurities.com.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Silvaco
Silvaco is a provider of TCAD, EDA software, and SIP solutions
that enable semiconductor design and AI through software and
innovation. Silvaco’s solutions are used for process and device
development across display, power devices, automotive, memory, high
performance compute, photonics, internet of things, and 5G/6G
mobile markets for complex SoC design. Silvaco is headquartered in
Santa Clara, California, and has a global presence with offices
located in North America, Europe, Brazil, China, Japan, Korea,
Singapore, and Taiwan.
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version on businesswire.com: https://www.businesswire.com/news/home/20240508157663/en/
Investor Contact: Greg McNiff investors@silvaco.com
Media Contact: Tyler Weiland press@silvaco.com