Shares in iPod chipmaker Wolfson Microelectronics will be available for normal market trading Tuesday morning, a report says.

The firm's share issue has achieved a book value of $213 million. It's thought shares in this hot UK IT firm are already oversubscribed – they are expected to cost between 200-210p each.

The flotation was originally scheduled for Monday, but was delayed by a patent infringement suit filed by competing firm Cirrus Logic. Wolfson says these allegations have "no merit".

A source told The Scotsman: "Wolfson are feeling very punchy about the float at the moment."