TuesdayTop10cryptogamesplaytoearnSilvaco Group, an American provider of design automation software and semiconductor IP solutions, announced the details of its initial public offering (IPO).

The Santa Clara, Calif.-based company plans to raise 1 by issuing 6 million shares at a price range of $17 to $19 each.Top10cryptogamesplaytoearn.08 billion US dollars. At the midpoint of the proposed price range, Silvaco Group's fully diluted market capitalization would be $555 million.

Meanwhile, a selling shareholder is registering about 311000 shares, which will be sold irregularly through a separate resale prospectus.

Silvaco provides technical computer aided design (TCAD) software, electronic design automation (EDA) software, and semiconductor intellectual property (SIP) software and solutions that help semiconductor and optoelectronic companies increase productivity, accelerate time to market, and reduce development and manufacturing costs. Its customers include semiconductor manufacturers, original equipment manufacturers and original design manufacturers who deploy Silvaco solutions in the production process of the target market, covering a wide range of areas such as displays, power devices and automobiles.

Founded in 1984, Silvaco Group generated revenue of $54 million in the 12 months ended December 31, 2023. The company plans to list on the Nasdaq Stock Exchange under the symbol "SVCO". Jeffery and TD Securities will act as joint bookrunners for the transaction. The IPO is expected to be priced within a week of May 6, 2024.