A Reading-based semiconductor firm today said it was planning a float on London’s small-cap stock exchange in a glint of hope for the City’s moribund capital markets amid an alarming slump in activity.
Sondrel, which designs and supplies semiconductors to some of the world’s biggest names in tech including Apple, Sony and Tesla, is seeking to raise £20 million to ramp up production and scale its global footprint, in a move which would value the company at about £50 million.
