https://www.nasdaq.com/articles/semiconductor-manufacturer-skywater-technology-files-for-a-%2475-million-ipo-2021-03-22

Semiconductor manufacturer SkyWater Technology files for a $75 million IPO

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Renaissance Capital Renaissance Capital

PUBLISHED

MAR 22, 2021 6:23PM EDT

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SkyWater Technology, which offers advanced semiconductor development and manufacturing services, filed on Monday with the SEC to raise up to $75 million in an initial public offering.

SkyWater Technology is a pure-play technology foundry that offers advanced semiconductor development and manufacturing services from its Minnesota-based fabrication facility and advanced packaging services from its Florida-based facility. The company employs a technology as a service model, leveraging proprietary technology to co-develop process technology IP with its customers through its Advanced Technology Services for diverse microelectronics (integrated circuits, or ICs) and related micro- and nanotechnology applications. In addition to differentiated technology development services, SkyWater supports customers with volume production of ICs for high-growth markets through its Wafer Services.

The Bloomington, MN-based company was founded in 1991 and booked $140 million in sales for the 12 months ended December 31, 2020. It plans to list on the Nasdaq under the symbol SKYT. Jefferies, Cowen and Piper Sandler are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Semiconductor manufacturer SkyWater Technology files for a $75 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.