Aphawave shares remain below offer price

Alphawave, the Canadian wired connectivity semiconductor IP specialist which IPO’d last week has not recovered from the crash which saw its shares dip 21% below the 410p offer price hit 369p yesterday. 

Before the public offer, BlackRock and Janus Henderson had committed to take $510 million worth of shares.

The company, led by Tony Pialis (pictured) had targeted a valuation of £3.1 billion but achieved £2.23 billion at the IPO.

Nonetheless, Alphawave was able to raise £856 million from the offer.

Before the IPO it was stated that the company intended to move its HQ to London.


Leave a Reply

Your email address will not be published. Required fields are marked *

*