Tech

Canada-based chip maker Alphawave closed down 16% on its first day of buying and selling in London, after elevating £856M at a valuation of £3.1B (Swetha Gopinath/Bloomberg)




Swetha Gopinath / Bloomberg:

Canada-based chip maker Alphawave closed down 16% on its first day of buying and selling in London, after elevating £856M at a valuation of £3.1B  —  – Inventory drops on first buying and selling day, falling 16% after IPO  — Traders say Alphawave priced its IPO too expensively





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