Credo Technology Group $200 million IPO
We advised Credo Technology on its IPO and Nasdaq listing
Davis Polk advised Credo Technology Group Holding Ltd on Credo’s $200 million initial public offering of 20,000,000 ordinary shares, of which 18,383,800 shares were issued and sold by Credo and 1,616,200 shares were sold by selling shareholders. The shares are listed on the Nasdaq Global Select Market under the symbol “CRDO.”
Credo is a leading provider of high-performance serial connectivity solutions for the hyperscale datacenter, 5G carrier, enterprise networking, artificial intelligence and high-performance computing markets. Credo’s solutions deliver the bandwidth, scalability and end-to-end signal integrity for next-generation platforms requiring 25G, 50G and 100G signal lane-rate connectivity for 100G, 200G, 400G and 800G port-enabled networks.
The Davis Polk capital markets team included partner Alan F. Denenberg, counsel Jason Bassetti and associates Dana Lueck-Mammen and Bex Childress. The tax team included partner Po Sit and associate Benjamin Helfgott. The executive compensation team included counsel Stephen I. Brecher and associate Kathleen Ginder. The intellectual property and technology transactions team included partner Pritesh P. Shah and associate S. Dream Montgomery. Members of the Davis Polk team are based in the Northern California and New York offices.