Credo Technology Group Holding (CRDO) prices 10M share offering at $17.50

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Go back to Credo Technology Group Holding (CRDO) prices 10M share offering at $17.50

Credo announces pricing of public offering

December 6, 2023 12:30 AM EST

SAN JOSE, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Nasdaq: CRDO) (Credo) today announced the pricing of an underwritten public offering of 10,000,000 of its ordinary shares at a price to the public of $17.50 per share. An aggregate of 8,940,000 of the shares are being offered by Credo and 1,060,000 shares are being offered by selling shareholders. The gross proceeds from the offering to Credo, before deducting underwriting discounts and commissions and other offering expenses payable by Credo, are expected to be $156.5 million. The offering is scheduled to close on December 8, 2023, subject to the... More