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Briefing

Alphawave to list on London Stock Exchange, move headquarters to U.K.

The Toronto-based chipmaker is seeking a valuation of US$4.5 billion and plans to open a research centre in Cambridge as part of its move to the U.K. Alphawave specializes in technology that is used to send data over wired networks and makes money by licensing its intellectual property to chip manufacturers. (The Logic)

Alberta tech sector grew nearly 150% since 2018: Study

A new Alberta Enterprise Corporation report shows the province now has 3,083 tech companies, up from 1,238 in 2018 and just 927 tech firms in 2012. Fifty-eight per cent of firms were based in Calgary and 30 per cent were in Edmonton. The study found that almost 40 per ent of startups had at least $1 million in annual revenue, up 66 per cent from 2018, and almost a quarter of firms had raised a Series A or later financing round. (The Logic)

Thinkific finalizes IPO price at top of expected range

The Vancouver-based online-course platform said it will price about 12.3 million shares at $13 each, raising total gross proceeds of roughly $160 million. It initially expected to price shares at between $11 and $13 each. (The Logic)

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