IP Group PLC Oxford Nanopore announces preparing for IPO in H2 (9317T)

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 
                                        [phone] 
 Greg Smith, Chief Financial Officer     [phone]/+44 (0) 
  Liz Vaughan-Adams, Communications      7979 853802 
 Charlotte Street Partners 
 David Gaffney                          [phone] 
 Andrew Wilson                          [phone] 
 

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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March 30, 2021 02:05 ET (06:05 GMT)