Steve Orlofsksy News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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LONDON (Reuters) -Alphawave, a Toronto-based silicon IP firm, is planning to list in London to expand the reach of its chip connectivity technology and could be valued at up to $4.5 billion based on cornerstone agreements with two major investors.
About $500 million would be raised by issuing new shares, it said, and existing investors would also offer stock.
Alphawave, founded in 2017 and profitable since 2018, said BlackRock and Janus Henderson had agreed to subscribe for $510 million of offer shares at a price that would give the firm an equity value of up to $4.5 billion at admission.
“We have chosen to come to the UK because of its incredible technology and semiconductor industry ecosystem,” Chief Executive Tony Pialis said on Thursday. ....

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