Reported Earlier, Silvaco Prices Initial Public Offering Of 6M Common Shares At $19/Share
Portfolio Pulse from Benzinga Newsdesk
Silvaco has priced its initial public offering (IPO) of 6 million common shares at $19 per share, expecting to raise $114.0 million in gross proceeds before expenses. The shares will start trading on the Nasdaq Global Select Market under the ticker symbol 'SVCO' on May 9, 2024.
May 09, 2024 | 7:55 am
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Silvaco's IPO pricing at $19/share aims to raise $114M in gross proceeds, with shares trading on Nasdaq under $SVCO from May 9, 2024.
The successful pricing of Silvaco's IPO and its upcoming listing on the Nasdaq are significant positive developments for the company. The IPO is expected to provide substantial financial resources, enhancing its market position and growth prospects. This typically generates positive investor sentiment, likely leading to an uptick in stock price in the short term.
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