The UK-based ASIC specialist for radio frequency and mixed signals, EnSilica, has announced that it will be listed on the AIM market on the London Stock Exchange. Trading is expected to start on May 24 under the ENSI ticker.
AIM is the LSE market for small and medium-sized growing companies, with over 1,200 companies registered on it.
In connection with the adoption, EnSilica raised 6 million British pounds (7.4 million dollars) by issuing and subscribing 12,000,000 ordinary shares at a price of 50 pence per share and will open a market capitalization of 37.6 million British pounds (46, $ 6 million).
The company designs ASICs for system developers working in the automotive, satellite and healthcare sectors. Its chief executive, Ian Lancchair, said the status provided an ideal platform to accelerate a number of growth initiatives, which would ultimately further expand both the market reach and the customer footprint.
“Having built a reputation for excellence and innovation over the past 21 years, we firmly believe that our mixed signals and RF design and delivery capabilities are ideally located to further benefit from the significant demand for ASICs in our key markets.
