The Toronto-based company, which designs semiconductor technology and then licences it to other businesses, said it plans to raise proceeds of up to 810 million pounds excluding an over-allotment option. It will sell 360 million pounds in new shares and 450 million pounds of existing stock, aiming for a minimum free float of 25%.
Alphawave licences its high-speed data transmission technology to chipmakers and receives a royalty on every chip produced, replicating a model pioneered by Cambridge-based ARM.
($1 = 0.7191 pounds)
(Reporting by Rachel Armstrong; editing by John O'Donnell)
