We advised Credo on the offering

Davis Polk advised Credo Technology Group Holding Ltd, as issuer, in connection with its SEC-registered at-the-market offering program. Pursuant to the terms of the program, Credo may issue and sell ordinary shares, par value $0.00005 per share, with an aggregate value of up to $750 million. The ordinary shares are listed on the Nasdaq Global Select Market under the symbol “CRDO.”

Credo’s mission is to advance high-speed connectivity solutions that deliver optimized performance, reliability, energy efficiency and security for the next generation of AI-driven applications, cloud computing and hyperscale networks. Optimized for both optical and electrical applications, Credo’s solutions support port speeds up to 1.6 terabits per second. At the core of Credo’s technology is Credo’s proprietary serializer/deserializer (SerDes) IP. Credo’s diverse solutions portfolio includes system-level products such as active electrical cables, a range of integrated circuits, SerDes chiplets and SerDes IP licensing.

The Davis Polk corporate team included partners Alan F. Denenberg and Emily Roberts and associates Julia Molo and Jared Madnick. Partners Michael Mollerus and Corey M. Goodman and associate Michael Hsieh provided tax advice. Counsel Leon E. Salkin and associate Alex Brod provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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