If You Bought 1,000 Shares of Wolfspeed at Its IPO, Here's How Much Money You'd Have Now

Wolfspeed (NYSE: WOLF) had its initial public offering back in February 1993. At the time, the company was known as "Cree" -- and its primary focus was light-emitting-diode (LED) technologies. The LED lighting business was sold off in 2021, and the company has since pivoted to silicon-carbide (SiC) semiconductor technologies for power modules and other applications. Image source: Getty Images.Unfortunately, Wolfspeed's pivot to the SiC space has been marked by a series of substantial challenges. Demand in the electric vehicle market and other categories has wound up being weaker than expected, and disruptions to the company's scaling trajectory have meant that the company's margins failed to improve along previously projected timelines. Wolfspeed filed for preliminary Chapter 11 bankruptcy protections at the end of June, but investors who bought at the company's IPO would still be modestly in the green on their investment.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool