Business
Oxford Nanopore announces preparing for IPO in H2
Oxford Nanopore announces preparing for IPO in H2.
About this update from Ip Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9317T\n IP Group PLC\n 30 March 2021\n \n \n \n \n \n \n \n FOR RELEASE ON\n \n \n \n \n 30 March 2021\n \n \n \n \n \n \n \n \n THIS ANNOUNCEMENT CONSTITUTES INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO.596/2014.\n \n \n \n \n \n IP Group plc - Portfolio company Oxford Nanopore Technologies announces preparation for IPO in the second half of 2021\n \n \n \n \n \n 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\"). \n Whilst the timing of a potential IPO is dependent on market conditions and other matters not fully within its control, \n Oxford Nanopore currently expects the IPO to occur in the second half of the year on the London Stock Exchange.\n \n \n \n \n \n IP Group currently holds a direct undiluted beneficial stake of 15.0% in Oxford Nanopore, valued at £340.3 million. \n \n \n \n \n \n Oxford Nanopore's announcement is available on the news section of its website.\n \n \n \n \n \n For more information, please contact:\n \n \n \n \n \n \n \n \n IP Group plc\n \n \n \n \n \n www.ipgroupplc.com\n \n \n \n \n \n \n \n Greg Smith, Chief Financial Officer\nLiz Vaughan-Adams, Communications \n \n \n \n \n +44 (0) 20 7444 0050\n+44 (0) 20 7444 0062/+44 (0) 7979 853802\n \n \n \n \n \n \n Charlotte Street Partners\n \n \n \n \n \n \n \n \n \n \n \n \n \n David Gaffney\n \n \n \n \n +44 (0) 7854 609998\n \n \n \n \n \n \n Andrew Wilson\n \n \n \n \n +44 (0) 7810 636995\n \n \n \n \n \n \n \n \n Notes for editors\n \n \n \n \n \n About IP Group\n \n \n \n \n \n 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 ...