Silvaco Group, Inc. (SVCO) to Raise $108 Million in IPO

Silvaco Group, Inc. (SVCO) is planning to raise $108 million in an initial public offering (IPO) on Thursday, May 9th, IPO Scoop reports. The company will be issuing 6,000,000 shares at a price of $17.00-$19.00 per share.

In the last twelve months, Silvaco Group, Inc. generated $54.3 million in revenue and had a net loss of $320,000. Silvaco Group, Inc. has a market cap of $513.8 million.

Silvaco Group provided the following description of their company for its IPO: “We provide technology computer aided design (TCAD) software as well as electronic design automations (EDA) software and semiconductor intellectual property (SP). (Incorporated in Delaware) These products and services enable semiconductor and photonics companies to increase productivity, accelerate products’ time-to-market, and reduce development and manufacturing costs. Our customers include semiconductor manufacturers, original equipment manufacturers (OEMs) and original design manufacturers, who deploy Silvaco’s solutions in production flows across its target markets, including display, power devices, and automotive, among others. Note: Net loss and revenue are for the year that ended Dec. 31, 2023. (Note: Silvaco Group disclosed its IPO’s terms – 6.0 million shares at a price range of $17.00 to $19.00 to raise $108.0 million – in an F-1/A filing dated April 30, 2024. Background: Silvaco Group filed its F-1  on April 12, 2024, without disclosing terms for its IPO. The estimated proceeds figure – $100 million – is a placeholder.) “.

Silvaco Group was founded in 1984 and has 9 employees. The company is located at 4701 Patrick Henry Drive, Building #23 Santa Clara, CA 95054 and can be reached via phone at (408) 567-1000 or on the web at http://www.silvaco.com/.