SMART Global Holdings (SGH) is planning to raise $74 million in an initial public offering on Thursday, May 25th, IPO Scoop reports. The company will be issuing 5,300,000 shares at a price of $13.00-$15.00 per share.
In the last 12 months, SMART Global Holdings generated $627.1 million in revenue and had a net loss of $8.4 million. The company has a market-cap of $289.4 million.
Barclays, Deutsche Bank Securities, Jefferies and Stifel acted as the underwriters for the IPO and Needham & Company and Roth Capital Partners were co-managers.
SMART Global Holdings provided the following description of their company for its IPO: “We are a global leader in specialty memory solutions, serving the electronics industry for over 25 years. As part of our global business, we have established a leading market position, as measured by market share, in Brazil as the largest in-country manufacturer of memory for desktops, notebooks and servers, as well as mobile memory for smartphones. We also have a leading market position worldwide, as measured by revenue, in specialty memory where we work closely with OEM customers to develop memory solutions, which incorporate customer-specific requirements. “.
SMART Global Holdings was founded in 1988 and has 1139 employees. The company is located at 39870 Eureka Drive, Newark, CA 94560, US and can be reached via phone at (510) 623-1231. or on the web at http://www.smartm.com.
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