Silvaco Announces Launch of Initial Public Offering
30 Abril 2024 - 6:28AM
Business Wire
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 it has launched
the roadshow for its initial public offering (“IPO”) of 6,000,000
shares of its common stock. The underwriters will have a 30-day
option to purchase up to an additional 900,000 shares of Silvaco’s
common stock from Silvaco at the IPO price, less underwriting
discounts and commissions. The IPO price is currently estimated to
be between $17 and $19 per share. Silvaco’s common stock is
expected to begin trading on the Nasdaq Global Select Market under
the ticker symbol “SVCO.”
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 proposed offering. B. Riley Securities, Craig-Hallum
Capital Group and Rosenblatt are acting as co-managers for the
proposed offering.
The proposed offering will be made only by means of a
prospectus. Copies of the preliminary 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.
A registration statement relating to these securities has been
filed with the U.S. Securities and Exchange Commission but has not
yet become effective. These securities may not be sold, nor may
offers to buy be accepted, prior to the time the registration
statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy
these securities, 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/20240429441055/en/
Investor Contact: Greg McNiff investors@silvaco.com
Media Contact: Tyler Weiland press@silvaco.com