REG - IP Group PLC - Oxford Nanopore announces preparing for IPO in H2

IPAnnouncement

30/03/2021 07:10

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 £340.3 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




Greg Smith, Chief Financial Officer

Liz Vaughan-Adams, Communications            


+44 (0) 20 7444 0050

+44 (0) 20 7444 0062/+44 (0) 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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