Credo Technology completed its $230 million initial public offering (following exercise of the Underwriters’ option to purchase additional shares), the first major technology IPO of 2022.
Founded in 2008, Credo provides high-speed connectivity solutions for customers in the data-infrastructure market. The San Jose, California-based company designs, markets and sells products and IP solutions to hyperscalers and other leading technology companies.
S&C represented the underwriters in connection with the IPO. Goldman Sachs & Co. LLC and BofA Securities Inc. acted as joint lead book-running managers of the offering.
The team representing the underwriters in this deal included John Savva (Palo Alto), Natalie Lum-Tai, Brandon Stoffers (Los Angeles) and Alexandria Ross (Palo Alto). Mark Schenkel (Palo Alto) and Elizabeth Levin advised on intellectual property matters. Tracey Russell advised on FINRA matters. Jeannette Bander and Regina Readling advised on employment and compensation matters. Jeffrey Hochberg and Saul Brander advised on tax matters. Eric Kadel and Andrea Basaraba advised on certain regulatory matters.