Alphawave IP is a global semiconductor IP company that focuses on the way semiconductors communicate — something which is going to be crucial as 5G data networks roll out and start to power everything from homes, industry and autonomous vehicles, for instance. It’s therefore interesting to note that the Toronto-born company is planning a London public listing, with a valuation of $4.5 billion, and has raised $510 million in backing from Blackrock and Janus Henderson.