Shares in the semiconductor design company, which moved its headquarters from Toronto to the U.K. last year as it went public on the London Stock Exchange, fell 6.2 per cent on Friday. (The Logic)
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Shares in the semiconductor design company, which moved its headquarters from Toronto to the U.K. last year as it went public on the London Stock Exchange, fell 6.2 per cent on Friday. (The Logic)
Talking point: Alphawave’s stock has performed poorly since its IPO, in large part due to a September Financial Times report that revealed the company did not disclose its close ties with key customers; its shares fell 50 per cent the day of its publication. Adding to investors’ jitters, Alphawave had delayed Friday’s release of its full-year results by a week, citing a request by its auditor, KPMG, for extra time in light of COVID-related staff shortages. The company reported adjusted EBITDA of US$51.8 million for 2021, up 168 per cent year over year.
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