Shares in the semiconductor IP company, which was founded in Toronto, fell as much as 20 per cent on Thursday before recovering slightly. The company raised £856 million at about £4.10 per share in its London IPO, with BlackRock and Janus Henderson buying more than 40 per cent of the shares. (CNBC)
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Shares in the semiconductor IP company, which was founded in Toronto, fell as much as 20 per cent on Thursday before recovering slightly. The company raised £856 million at about £4.10 per share in its London IPO, with BlackRock and Janus Henderson buying more than 40 per cent of the shares. (CNBC)
Talking point: Alphawave’s disappointing debut comes as global markets fall on investor concerns about rising inflation. The stumble also highlights Alphawave’s decision to list on the London Stock Exchange, which had seen some poor-performing IPOs recently, such as Deliveroo. Alphawave had evaluated a number of different exchanges to list its shares, including the Toronto Stock Exchange and the tech-heavy Nasdaq, but concluded that listing in London would allow it to tap into an investor pool with experience in semiconductors.
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