Chip Software Firm Silvaco Group’s Shares Rise 4% After IPO (1)

Silvaco Group Inc. shares rose 4.2% in the company’s debut after an initial public offering that raised $114 million, pricing at the top of a marketed range.

Shares in the chip-design software company closed at $19.80 each in New York on Thursday. The company had marketed the stock for $17 to $19 apiece.

The trading gives Silvaco a market value of $565 million based on the outstanding shares listed in its filings with the US Securities and Exchange Commission.

The listing comes as the recovery in the US IPO market broadens beyond large household names like Reddit Inc. that had ...