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Alphawave float to hit City at $4.5bn value as it aims to be the next Arm


Long-serving staff at the Canadian semiconductor maker will hold shares worth $2.2bn
22 April 2021 • 1:58pm
Now, a new company is hoping to take its place. Alphawave IP, an Anglo-Canadian chip developer, is planning to make its London debut in the coming weeks in a deal that will value it at as much as $4.5bn (£3.25bn). 
At that valuation, early staff and the co-founders of the company, who will remain majority owners, will be sitting on shares worth $2.25bn.
Its founders have not shied away from comparisons to the venerable Cambridge technology company, who is credited with creating chips used in almost every modern mobile phone and smart home gadget.  ....

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Silicon connectivity firm Alphawave targets $4.5 billion London listing


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LONDON (Reuters) -Alphawave, a Toronto-based silicon IP firm, is planning to list in London to expand the reach of its chip connectivity technology and could be valued at up to $4.5 billion based on cornerstone agreements with two major investors.
About $500 million would be raised by issuing new shares, it said, and existing investors would also offer stock.
Alphawave, founded in 2017 and profitable since 2018, said BlackRock and Janus Henderson had agreed to subscribe for $510 million of offer shares at a price that would give the firm an equity value of up to $4.5 billion at admission.
“We have chosen to come to the UK because of its incredible technology and semiconductor industry ecosystem,” Chief Executive Tony Pialis said on Thursday. ....

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Investegate |Alphawave IP Group Announcements | Alphawave IP Group: Publication of Registration Document

Investegate |Alphawave IP Group Announcements | Alphawave IP Group: Publication of Registration Document
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

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New Science Ventures announces merger of its portfolio company Achronix with ACE Convergence


New Science Ventures announces merger of its portfolio company Achronix with ACE Convergence
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NEW YORK and LONDON, Jan. 12, 2021 /PRNewswire/ New Science Ventures LLC ( NSV ), a leading venture capital firm focused on building companies that leverage breakthrough science to create extraordinary value, today announces the merger of its portfolio company, Achronix Semiconductor Corporation ( Achronix ), with ACE Convergence Acquisition Corp. NSV is a founding investor in Achronix. 
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Achronix is the only independent supplier of high-performance FPGAs and eFPGA IP based data acceleration solutions used in high-growth applications including AI, cloud computing, 5G, networking and automotive driver assistance ....

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