Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
IP Group PLC - invests in companies pursuing breakthrough science and innovation, such as Oxford Nanopore Technologies PLC - Notes its participation in a follow-on portfolio company funding round. Anticipates a net unrealised fair value gain of around £40 million or 4 pence per share as a result. Commits a total of $15 million to the round, with completion expected in mid-January, though this is subject to certain conditions. Adds that it anticipates the gain for the transaction will be offset by other fair value reductions in its portfolio. However, it is ‘too early’ to provide guidance on the carrying values of its portfolio companies at year-end.
Current stock price: 57.90 pence
12-month range: up 1.2%
Copyright 2023 Alliance News Ltd. All Rights Reserved