Canada-based chip maker Alphawave closed down 16% on its first day of trading in London, after raising £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 trading in London, after raising £856M at a valuation of £3.1B  —  – Stock drops on first trading day, falling 16% after IPO  — Investors say Alphawave priced its IPO too expensively

Source link