Credo Technology enters into $750M share sale

[Two businesspeople looking at desktop computer monitor and discussing work at desk]
Luis Alvarez

* Credo Technology (NASDAQ:CRDO [https://seekingalpha.com/symbol/CRDO]) disclosed [https://seekingalpha.com/filing/10501303] late on Monday that it has entered into a $750M  “at the money” share offering.
* Goldman Sachs (GS [https://seekingalpha.com/symbol/GS]) is acting as the manager in the offering, Credo said in the statement.
* Shares rose 0.6% in premarket trading on Tuesday.

MORE ON CREDO TECHNOLOGY

* Credo: Extreme Greed Appears To Be Rolling Over [https://seekingalpha.com/article/4826610-credo-extreme-greed-appears-to-be-rolling-over]
* Credo: Continue Riding The Wave [https://seekingalpha.com/article/4825072-credo-technology-stock-compelling-risk-reward]
* Credo Technology: A Slight Pause, But Still A Great Company (Rating Downgrade) [https://seekingalpha.com/article/4823649-credo-technology-a-slight-pause-but-still-a-great-company]
* Credo Technology to acquire Hyperlume to boost high-speed connectivity growth [https://seekingalpha.com/news/4500147-credo-technology-to-acquire-hyperlume-to-boost-high-speed-connectivity-growth]
* SA analyst upgrades/downgrades: AMAT, ACN, CL, and CRDO [https://seekingalpha.com/news/4496266-sa-analyst-upgradesdowngrades-amat-acn-cl-and-crdo]