Alphawave IP Group raises $1.2 billion in London IPO

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By Vikash in Business
Updated 3 years ago

(Reuters) - Alphawave IP Group PLC has sold 856 million pounds ($1.20 billion) of shares in its London initial public offering the company said on Thursday, in a deal that values the Toronto-based semiconductor technology provider at 3.1 billion pounds. The company, which designs semiconductor technology it licences to other businesses, priced its shares at 410 pence each, having earlier set a range of between 375 pence and 430 pence.

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