Analysis: a CEVA IPO – will the stars line up or would fingers get burnt?

I have been looking for signs that CEVA is scraping the bottom of the barrel for some time, and I think I found one on page six of its quarterly trading update, released in early May.

I discussed its recent asset-backed securitisation, also known as “the European ABS”, with a few investors in London and New York, who I assumed were trading CEVA’s debt in the secondary market.

Our recent coverage of the CEVA story had caught their attention, and the fact that CEVA recently wrapped up ...