ipod device chipmaker shares trade Tuesday

Shares in ipod device chipmaker Wolfson Microelectronics is going to be readily available for normal market buying and selling Tuesday morning, a study states.

The firm’s share issue has accomplished a magazine worth of $213 million. It’s thought shares within this hot United kingdom IT firm happen to be oversubscribed – they’re likely to cost between 200-210p each.

The flotation was initially scheduled for Monday, but was postponed with a patent violation suit filed by competing firm Cirrus Logic. Wolfson states these allegations have “no merit”.

A resource told The Scotsman: “Wolfson feel very punchy concerning the float right now.”