Credo announces closing of initial public offering

San jose, calif., jan. 31, 2022 (globe newswire) -- credo technology group holding ltd (“credo”) (nasdaq: crdo) today announced the closing of its initial public offering of 20,000,000 of its ordinary shares at an initial public offering price of $10.00 per share. an aggregate of 18,383,800 of the shares were offered by credo and 1,616,200 shares were offered by selling shareholders. the aggregate gross proceeds to credo from the offering, before deducting underwriting discounts and commissions and other offering expenses, were approximately $183.8 million. credo's ordinary shares are listed on the nasdaq global select market under the ticker symbol “crdo”.
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