IQE plc ( (GB:IQE) ) has shared an announcement.
IQE plc has successfully closed its convertible loan note fundraising, raising £18 million to strengthen its financial position. This fundraising, supported by existing shareholders and led by Lombard Odier, is part of a broader strategic review aimed at unlocking value and investing in core operations. The company is considering options for its Taiwan operations, including a potential sale, to capitalize on market opportunities and enhance shareholder value.
More about IQE plc
IQE plc is a leading global supplier of advanced compound semiconductor wafers and materials solutions, serving a diverse range of applications including smart connected devices, communications infrastructure, automotive and industrial, and aerospace and security. Headquartered in Cardiff, UK, IQE operates manufacturing locations in the UK, US, and Taiwan, and is listed on the AIM Stock Exchange in London. The company is uniquely positioned in the epitaxy wafer market, leveraging its intellectual property to produce high-quality wafers.
YTD Price Performance: 16.04%
Average Trading Volume: 2,773,182
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £124.6M
Learn more about IQE stock on TipRanks’ Stock Analysis page.