other material
confidence high
sentiment positive
materiality 0.75
Credo Technology completes IPO of 20M shares at $10/share; preferred shares converted
Credo Technology Group Holding Ltd
- IPO closed on Jan 31, 2022: 20,000,000 ordinary shares sold at $10.00 per share on Nasdaq under CRDO.
- Company sold 18,383,800 shares; existing shareholders sold 1,616,200 shares.
- All outstanding Series A-D+ preferred shares converted to ordinary shares on a one-for-one basis and cancelled.
- Right of first refusal and co-sale agreement and voting agreement terminated in connection with the IPO.
- Amended and restated memorandum and articles of association adopted effective prior to closing.