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

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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.