22 May 20242 minute read

DLA Piper Advises Silvaco in its $114 Million Initial Public Offering

DLA Piper advised Santa Clara, CA-based Silvaco Group, Inc., a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and AI through software and innovation, in its initial public offering. Silvaco’s offering priced six million shares of the company’s common stock at $19 per share, representing aggregate gross proceeds of $114 million to the company. Its common stock began trading on the Nasdaq Global Select Market on May 9, 2024 under the ticker symbol “SVCO.”

“We were excited to work with Silvaco in achieving this pivotal and historic step for the company and its shareholders. We look forward to further supporting Silvaco and other technology companies seeking to successfully navigate the current capital markets and capital-raising environment,” said DLA Piper’s Silicon Valley partner Gurpreet Bal.

Along with Bal, the DLA Piper team advising Silvaco included partner Drew Valentine (Austin / New York) and associates Jordyn Giannone (New York), Andrew Wolfe (New York), Huntington Domine (Silicon Valley) and Brian Sunberg (Short Hills). The team was supported by partners Dean Fealk (San Francisco), Keith Ranta (Washington, DC), Alan Seem (Silicon Valley) and Sarah Tauman (San Francisco).

With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 14 consecutive years, according to Mergermarket, and ranked as a top five most active VC legal advisor in the US and number one in VC, PE and M&A in combined global deal volume according to PitchBook.

DLA Piper’s global capital markets team represents issuers and underwriters in registered and unregistered equity, equity-linked and debt capital markets transactions, including initial public offerings, follow-on equity offerings, equity-linked securities offerings, and offerings of investments grade and high-yield debt securities.