IP Group Plc

Equities

IPO

GB00B128J450

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 11:35:21 2024-04-26 am EDT			5-day change	1st Jan Change
48.85 ^GBX	+3.39%		+5.28%	-15.92%

Apr. 23	Alphawave confident in long term growth potential as revenue rises	AN
Apr. 16	Alphawave shares plunge as set to miss annual sales guidance	AN

IP Group takes part in portfolio company's funding round

December 22, 2023 at 05:12 am EST

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 GBP40 million or 4 pence per share as a result. Commits a total of USD15 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%

By Elizabeth Winter, Alliance News deputy news editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	OXFORD NANOPORE TECHNOLOGIES PLC	96.9 GBX	+4.08%	+4.47%	1.04B
	IP GROUP PLC	48.85 GBX	+3.39%	+5.28%	628M

Latest news about IP Group Plc

Alphawave confident in long term growth potential as revenue rises	Apr. 23	AN
Alphawave shares plunge as set to miss annual sales guidance	Apr. 16	AN
Frontier IP hires former Argentex CFO Jo Stent as new finance chief	Apr. 12	AN
EARNINGS AND TRADING: Castillo losses double; GCP proposes wind-down	Mar. 14	AN
Mission Therapeutics Ltd. announced that it has received £25.2 million in funding from Pfizer Venture Investments LLC, Sofinnova Partners SAS, Roche Venture Fund, SR One Capital Management, LP, IP Group Plc, Rosetta Capital Limited	Mar. 13	CI
IP Group net asset value declines amid supply chain issues, inflation	Mar. 13	AN
JPMorgan raises Flutter and cuts Entain	Mar. 13	AN
IP Group Plc Do Not Propose A Full Year Dividend for 2023	Mar. 13	CI
Transcript : IP Group Plc, Q4 2023 Earnings Call, Mar 13, 2024	Mar. 13
IP Group's FY23 Loss Narrows	Mar. 13	MT
Earnings Flash (IPO.L) IP GROUP Reports FY23 Loss GBX-16.53	Mar. 13	MT
Tranche Update on IP Group Plc's Equity Buyback Plan announced on December 19, 2023.	Mar. 13	CI
IP Group Plc Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 13	CI
EARNINGS AND TRADING: Frontier IP sells last of Exscientia holding	Feb. 29	AN
IP Group expects net assets to fall in 2023 trading update	Jan. 30	AN
Enterprise Therapeutics Ltd announced that it has received £26 million in funding from Versant Venture Management, LLC, Novartis Venture Funds, Forbion Capital Partners B.V., Epidarex Capital, IP Group Plc, Panakès Partners SGR SpA	Jan. 29	CI
Frontier IP portfolio Alusid gets GBP500,000 investment from Octopus	Jan. 22	AN
Alphawave posts strong fourth quarter; maintains annual guidance	Jan. 22	AN
UBS raises GSK and cuts AstraZeneca	Jan. 16	AN
IP Group takes part in portfolio company's funding round	Dec. 22	AN
IP Group Plc commences an Equity Buyback Plan for 103,677,065 shares, representing 10% of its issued share capital, under the authorization approved on June 15, 2023.	Dec. 19	CI
FTSE 100 outperforms European peers	Dec. 18	AN
One Media IP expects higher revenue despite redirection of cash	Dec. 18	AN
IP Group sets GBP20 million share buyback to cut cash pile	Dec. 18	AN
IP Group Initiates GBP20 Million Buyback	Dec. 18	MT

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Company Profile

IP Group plc is a United Kingdom-based early-stage science investor. The Company develops and supports various businesses in deep technology (deeptech), life sciences and clean technology (cleantech). Its segments include venture capital investing: life sciences, venture capital investing: deeptech, venture capital investing: cleantech, venture capital investing: other, and third-party fund management. Its life sciences investments are focused on a healthier future with a view to curing and preventing disease rather than simply treating symptoms and building healthier - rather than just longer - lives. Its deeptech investments are focused on four technology subsectors underpinned by global societal need and macroeconomic trends. Its cleantech platform, Kiko Ventures, is investing in assets that address the global climate challenge, targeting innovators that are creating scalable climate technology solutions. Its subsidiaries include Parkwalk Advisors Limited and IP2IPO Limited.

Sector

Investment Management & Fund Operators

Calendar

2024-06-12 - Annual General Meeting

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Ratings for IP Group Plc

Trading Rating

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ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.4885 GBP

Average target price

1.28 GBP

Spread / Average Target

+162.03%

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