IP Group PLC Oxford Nanopore announces preparing for IPO in H2 (9317T)
March 30 2021 - 1:05AM
UK Regulatory
TIDMIPO
RNS Number : 9317T
IP Group PLC
30 March 2021
FOR RELEASE ON 30 March 2021
THIS ANNOUNCEMENT CONSTITUTES INSIDE INFORMATION AS STIPULATED
UNDER THE MARKET ABUSE REGULATION (EU) NO.596/2014.
IP Group plc - Portfolio company Oxford Nanopore Technologies
announces preparation for IPO in the second half of 2021
IP Group plc (LSE: IPO) ("IP Group" or "the Group"), the
developer of intellectual property-based businesses, notes that
portfolio company Oxford Nanopore Technologies Ltd ("Oxford
Nanopore") has today announced that it has informed its
shareholders that it has started the process of preparing for a
potential Initial Public Offering ("IPO"). Whilst the timing of a
potential IPO is dependent on market conditions and other matters
not fully within its control, Oxford Nanopore currently expects the
IPO to occur in the second half of the year on the London Stock
Exchange.
IP Group currently holds a direct undiluted beneficial stake of
15.0% in Oxford Nanopore, valued at GBP340.3 million.
Oxford Nanopore's announcement is available on the news section
of its website.
For more information, please contact:
IP Group plc www.ipgroupplc.com
+44 (0) 20 7444 0050
Greg Smith, Chief Financial Officer +44 (0) 20 7444 0062/+44 (0)
Liz Vaughan-Adams, Communications 7979 853802
Charlotte Street Partners
David Gaffney +44 (0) 7854 609998
Andrew Wilson +44 (0) 7810 636995
Notes for editors
About IP Group
IP Group is a leading intellectual property commercialisation
company which focuses on evolving great ideas, mainly from its
partner universities, into world-changing businesses. The Group has
pioneered a unique approach to developing these ideas and the
resulting businesses by providing access to business building
expertise, capital (through its 100%-owned FCA-authorised
subsidiaries IP Capital and Parkwalk Advisors), networks,
recruitment and business support. IP Group has a strong track
record of success and its portfolio comprises holdings in
early-stage to mature businesses across life sciences and
technology. IP Group is listed on the Main Market of the London
Stock Exchange under the code IPO.
Group holdings in portfolio companies reflect the undiluted
beneficial equity interest excluding debt, unless otherwise
explicitly stated.
For more information, please visit our website at
www.ipgroupplc.com .
ENDS
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END
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