Semiconductor specialist Alphawave IP plans $4.5Bn London IPO and move to UK HQ – TechCrunch

Alphawave IP is a global semiconductor IP company focused on the way semiconductors communicate. This will be crucial as 5G data networks are rolled out, for example powering everything from homes, industry and autonomous vehicles.

It is interesting, therefore, to note that the Toronto-born company has plans to go public in London valued at $ 4.5 billion and has backed $ 510 million from Blackrock and Janus Henderson. The company will also move its headquarters to the UK as part of the listing.

The move is being welcomed by City watchers, who are looking at how to list tech stocks in the UK following the post-IPO collapse in Deliveroo’s valuation.

CEO Tony Pialis said: “We made the decision to come to the UK to grow our business as the UK has an incredible ecosystem of technology and semiconductor industries. There is a deep pool of knowledge, experience and talent here … We are specialists in connectivity. Our founding team has worked together for over 20 years and has a long history of both semiconductor innovations and creating significant value for investors. “

The proposed listing comes in the context of another UK-based deep tech company, the proposed sale of computer chip designer Arm Holdings to a US company, which has been delayed due to an investigation into the impact on UK national security reasons.

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