{"id":114218,"date":"2021-05-13T07:19:28","date_gmt":"2021-05-13T07:19:28","guid":{"rendered":"https:\/\/fin2me.com\/?p=114218"},"modified":"2021-05-13T07:19:28","modified_gmt":"2021-05-13T07:19:28","slug":"alphawave-ip-group-raises-1-2-billion-in-london-ipo","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/alphawave-ip-group-raises-1-2-billion-in-london-ipo\/","title":{"rendered":"Alphawave IP Group raises $1.2 billion in London IPO"},"content":{"rendered":"
(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.<\/p>\n
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.<\/p>\n
It sold 360 million pounds in new shares while existing equity holders sold down 496 million pounds worth, listing around 28% of the business.<\/p>\n
Its shares will begin trading at the market open on Thursday.<\/p>\n