Shareholders in Bookham Technologies, the UK fibre-optics component company, are set to cash in on the surge in Bookham's share price since its IPO in April, following confirmation that it plans to sell a further 18.5 million shares to investors.

Shares in Bookham Technologies are trading nearly 330% above the issue price in April of £10, making Bookham the second best performing IPO in Europe this year after Highwave Optical Technologies.