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

Register now for PCB WEST, the leading trade show for the printed circuit design and electronics manufacturing industry! Coming Sept. 11-13 to the Santa Clara Convention Center.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article