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Prices & Quotes - UK Markets - IP Group (IPO)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 115.20p
Change Today:
0.80p
Market Cap:
1,224.33m
Sector:
Financial Services

IP Group portfolio companies acquired by US firms

By Iain Gilbert

Date: Wednesday 05 May 2021

LONDON (ShareCast) - (Sharecast News) - Intellectual property-based business investor IP Group said on Wednesday that two of its portfolio companies had been acquired by US-listed firms.
Portfolio company Inivata, a leader in liquid biopsy, will be acquired by Nasdaq-listed NeoGenomics for $390.0m, with IP Group set to receive approximately $91.0m in cash or, potentially, NeoGenomics stock, at the group's election.

IP Group expects the transaction to result in an increase in the net asset value of the company of approximately 28.0m.

Elsewhere, Kuur Therapeutics was acquired by Athenex, a global biopharmaceutical company, for a total potential consideration of $185.0m, with Athenex set to pay $70.0m upfront to Kuur shareholders, former employees and directors, comprised primarily of equity in Athenex common stock.

As a result, IP Group will receive 30.0m in Athenex stock and was also eligible to receive up to a further 52.0m in milestone payments in cash or stock.

As of 0835 BST, IP Group shares were up 0.42% at 125.72p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

IP Group Market Data

Currency UK Pounds
Price 115.20p
Change Today 0.80p
52 Week High 134.40p
52 Week Low 61.40p
Volume 911,631
Shares Issued 1,062.79m
Market Cap 1,224.33m

Performance Indicators

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What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IP Group Dividends

  Latest Previous
  Final Interim
Ex-Div 13-May-21 n/a
Paid 16-Jun-21 n/a
Amount 1.00p 0.000p

Trades for 22-Jun-2021

Time Volume / Share Price
16:37 2,934 @ 115.20p
16:37 2,188 @ 115.20p
16:37 5,251 @ 115.20p
16:37 3,442 @ 115.20p
16:35 463,531 @ 115.20p

IP Group Key Personnel

CEO Alan John Aubrey
CFO Greg Smith
COO David Baynes