Credo Technology Group Holding, which provides high-speed connectivity solutions to the data infrastructure market, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
The company states that it is an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data generation and corresponding bandwidth requirements increase throughout the data infrastructure market. Credo's connectivity solutions are optimized for optical and electrical ethernet applications. Its product families include Integrated Circuits (ICs), Active Electrical Cables (AECs), and SerDes Chiplets.
The San Jose, CA-based company was founded in 2008 and booked $70 million in revenue for the 12 months ended October 31, 2021. It plans to list on the Nasdaq under the symbol CRDO. Credo Technology Group filed confidentially on August 12, 2021. Goldman Sachs and BofA Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
