Introduction:
Alphawave IP is a global semiconductor IP company e that focuses on the way a semiconductor communicates. This is vital as the 5G data networks roll-out and starts to power everything. This will include the homes, industry and autonomous vehicles for instance.
It is, therefore, interesting to observe that the Toronto based company e plans a London public listing. This will have a valuation of $4.5 billion. In addition to this, the company has raised dollar 510 million from Black Rock and Janus Henderson. As a part of listing the company will shift its headquarters to the United Kingdom.
About Deliveroo’s collapse:
The city watches are happy to welcome this move wholeheartedly. They are concerned with the UK tech stock listings after the collapse of Deliveroo’s valuation post IPO.
Statement from Tony Pialis:
Chief executive Tony Pialis said: “We have chosen to come to the U.K. to grow our business because the U.K. has an incredible technology and semiconductor industry ecosystem around it. There is a deep pool of knowledge, experience and talent here… We are specialists in connectivity. Our founding team have worked together for over 20 years and have a long history of both semiconductor innovation and in creating significant value for investors.”
The proposal of listing comes in the context of another UK based deep tech company. This is subject to delay to an investigation about the implications regarding the national security grounds of the UK. The deep tech company proposal,proposes the sale of computer chip designer Arm holdings to a US company.
