Ip Share Discussion Threads

[p1nkfish] 22/5/2025 22:21

Better than I expected by a long way

[nigelpm] 22/5/2025 21:51

Looks like a good decision to only sell a very small % of their stake.

The stock opened at $39.25, rising 23% from its $32 IPO price. It closed up 17% at $37.56 a share, bringing its market capitalization to more than $3 billion. Hinge sold 8.52 million shares in the offering, while the total offering was for 13.7 million shares, with the balance being sold by existing shareholders.

[robertspc1] 22/5/2025 18:47

I would have thought there might be a bounce given the Hinge Health ipo but seems not yet at least ..

[craigso] 22/5/2025 14:40

Looks like some sums were off. The latest RNS has IP Group selling £1m of shares in the IPO and holding £25.6m.

No mention of further sales, although that's obviously not something you would tell the market before doing...

[houseofpain1] 22/5/2025 14:12

I had understood that IP were looking to sell as many shares as they could in the IPO and then any that they hadn't managed to sell on commencement of trading. Assuming that they are able to get their entire holding away at the $32 indicated, then I think they realize very slightly under the 31 Dec 24 carrying value (with the move in GBP:USD this year explaining all the difference). Not enormously exciting therefore but when your shares are on a 50%+ discount then realising at NAV is a big positive as others have said. And under the revised CAP, they will be allocating 50% of the proceeds to the buyback. So positive news overall but, as ever, the share price doesn't care!

[craigso] 22/5/2025 11:06

IPOs that price at the top of their range often pop when trading opens, because there is more demand than supply. Let's see what happens when New York opens.

But I haven't seen any indication so far as to whether IP Group is selling shares in the IPO, or whether this is just a liquidity-creating event. (assuming there's no lock-down period)

Considering how UK-listed investment vehicles often release RNS' over even rather mundane investee events, I'm curious to see if IP Group has anything to say this afternoon or after close of play...

[40 fathoms] 22/5/2025 10:02

I think the $2.6 billion figure in the article is wrong for a pricing at the top of the range. I think the valuation of IPOs position is is very close to GBP40 million at the top of the range and one would suspect given the interest it might trade up from there

[bamboo2] 22/5/2025 07:14

I make IPGroup's 1.8% of HNGE around $46,800,000 or £35,000,000

[bamboo2] 22/5/2025 07:03

Date of purchase: 21/05/2025

Number of ordinary shares purchased: 516,000

Volume weighted average price paid per ordinary share (GBp): 43.6909
08:22:11-16:20:41

[bamboo2] 22/5/2025 07:01

CNBC Hinge Health priced its IPO at $32 per share on Wednesday, at the top end of the expected range.

The digital physical therapy startup sold 8.52 million shares in the offering, raising about $273 million. The total offering was for 13.7 million shares, with the balance being sold by existing shareholders.

Hinge, founded in 2014, will trade on the New York Stock Exchange under the ticker symbol “HNGE.” The company filed its initial prospectus in March and updated the document earlier this month with an expected pricing range of $28 to $32.

At the IPO price, Hinge Health is worth about $2.6 billion, though that number could be higher on a fully diluted basis. That’s down significantly from a private market valuation of $6.2 billion in October 2021, the last time the company raised outside funding.

[drw1] 22/5/2025 06:52

Values IPO's holding at $44.2 million dollars.
The test will be seeing what the wider market thinks of the $32 dollars a share price tag.

[craigso] 22/5/2025 06:11

Hinge priced at top of range. $32. First day of trading today.

Interesting to see what IPO has to say about it.

[bamboo2] 21/5/2025 11:27

FOR RELEASE ON

21 May 2025



IP Group plc - Notice of Capital Markets Event



IP Group plc (LSE: IPO) ("IP Group" or "the Group"), which invests in breakthrough science and innovation companies with the potential to create a better future for all, announces that it will hold a Capital Markets Event for investors and analysts on Thursday June 26, 2025.

The event, which will be hosted by CEO Greg Smith and CFOO David Baynes, will include presentations on the Group's investment strategy, pipeline, major themes and portfolio companies. In addition, the agenda will also include presentations from three portfolio companies, one from each of its three respective thematic sectors - Hysata (cleantech), Intrinsic (deeptech) and Genomics (life sciences).

Capital Markets Event details

The Capital Markets Event will be held at the offices of Deutsche Numis,
45 Gresham Street, London, EC2V 7BF and will start at 3pm. To register for the event, please email [e-mail].

Further details can also be found on the events section of our website:



No material new information will be released by the Group during the presentation.

[bamboo2] 21/5/2025 08:57

HNGE, One of the benefits of a low valuation is high demand for the shares.

==================

...As Hinge Health (HNGE) readies its initial public offering, the investors have flocked to own the shares of the digital health company, Bloomberg News reported Friday, citing people familiar with the matter.

The demand for Hinge Health (HNGE) shares has exceeded the number of shares the company has made available for the IPO, the people said, requesting anonymity as the information is not public...

[bamboo2] 21/5/2025 07:04

Date of purchase: 20/05/2025

Number of ordinary shares purchased: 508,654

Volume weighted average price paid per ordinary share (GBp): 44.1181
08:15:15-16:23:55

[bamboo2] 20/5/2025 07:33

Date of purchase: 19/05/2025

Number of ordinary shares purchased: 506,000

Volume weighted average price paid per ordinary share (GBp): 43.8266
08:22:08-16:19:35

[bamboo2] 19/5/2025 08:49

p1nk, Looking at the trades I think the shorter is back.

[nothing showing on the short report, but could be a number of them just below the reporting threshold, as was the case at ONT recently].

[p1nkfish] 19/5/2025 08:22

Buyback does appear to be shifting price over the past few sessions. For how long?

[bamboo2] 19/5/2025 07:16

Date of purchase: 16/05/2025

Number of ordinary shares purchased: 480,000

Volume weighted average price paid per ordinary share (GBp): 45.2722
08:30:09-16:21:44

[bamboo2] 16/5/2025 08:11

Date of purchase: 15/05/2025

Number of ordinary shares purchased: 450,000

Volume weighted average price paid per ordinary share (GBp): 44.5616
10:26:27-16:16:06

[nigelpm] 15/5/2025 14:37

My view is they have invested in a load of garbage so a 30-40% discount is probably fair but 50%+ definitely not.

[craigso] 15/5/2025 11:06

True Nigel,

But this market - taking into account IP's corporate governance - would value 100p of cash at 70p, simply because it might be reinvested... IP already has a lot of cash and a hefty share buyback programme yet the discount persists.