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SkyWater Technology Priced, Nasdaq: SKYT

US-based semiconductor foundry offering engineering and fabrication services.

Industry: Technology

Latest Trade: $9.63 +0.38 (+4.1%)

First Day Return: +26.7%

Return from IPO: -33.9%

Industry: Technology

We are a U.S. investor-owned, independent, pure-play technology foundry that offers advanced semiconductor development and manufacturing services from our fabrication facility, or fab, in Minnesota and advanced packaging services from our Florida facility. In our technology as a service model, we leverage a strong foundation of proprietary technology to co-develop process technology IP with our customers that enables disruptive concepts through our Advanced Technology Services for diverse microelectronics (integrated circuits, or ICs) and related micro- and nanotechnology applications. In addition to differentiated technology development services, we support customers with volume production of ICs for high-growth markets through our Wafer Services. The combination of semiconductor development and manufacturing services we provide our customers is not available to them from a conventional fab. In addition, following this offering, our status as a publicly-traded, U.S.-based, U.S. investor-owned pure-play technology foundry with Defense Microelectronics Activity, or DMEA, Category 1A accreditation from the U.S. Department of Defense, or DoD, is expected to position us well to provide distinct, competitive advantages to our customers.
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IPO Data
IPO File Date 03/22/2021
Offer Price $14.00
Price Range $12.00 - $14.00
Offer Shares (mm) 7.0
Deal Size ($mm) $97
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/20/2021
Offer Price $14.00
Price Range $12.00 - $14.00
Offer Shares (mm) 7.0
Deal Size ($mm) $97
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Jefferies
TD Cowen
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Company Data
Headquarters Bloomington, MN, United States
Founded 1991
Employees 500
Website www.skywatertechnology.com

SkyWater Technology (SKYT) Performance