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Trackwise Designs Raises £7M from IPO

Published: 02 August 2018
 by Chelsey Drysdale

TEWKESBURY, UK – Trackwise Designs has raised £7 million (US$ 9.11 million) from its initial public offering, with £5.5 million in new equity and the balance to the selling shareholders.

Trackwise Designs will have an anticipated market capitalization of £15.5 million when the printed circuit board designer starts trading on AIM on July 31, following the IPO.

The company is split into two divisions, with the RF business unit manufacturing PCBs primarily used in antenna infrastructure to support 3G/4G networks.

The other division, IHT, uses the company’s proprietary technology to manufacture multilayer flexible PCBs.

Ed.: £1 = US$1.30


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