IP Group (IPO)

Sector:

Financials

Index:

FTSE 250

83.15p
   
  • Change Today:
      0.95p
  • 52 Week High: 155.20
  • 52 Week Low: 77.25
  • Currency: UK Pounds
  • Shares Issued: 1,034.09m
  • Volume: 129,280
  • Market Cap: 859.85m
  • RiskGrade: 192

IP Group portfolio business raises $145m in financing round

By Iain Gilbert

Date: Thursday 17 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Intellectual property business IP Group said on Thursday that portfolio company Apollo Therapeutics had completed a $145.0m financing round.
IP Group said Apollo, which was set up in late 2015 by the University of Cambridge, University College London and Imperial College London, as well as AstraZeneca, GlaxoSmithKline and Johnson & Johnson, will use the funds to advance its pipeline into development, expand its operations and work on new collaborations.

The FTSE 250-listed firm also highlighted that it retains a minority stake in the new company, acquired as a result of its acquisition of Touchstone Innovations, and still holds an undiluted beneficial holding of approximately 2% in Apollo following the fundraiser - valued at approximately 3.5m.

As of 0905 BST, IP Group shares were down 0.86% at 115.80p.

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IP Group Market Data

Currency UK Pounds
Share Price 83.15p
Change Today 0.95p
% Change 1.16 %
52 Week High 155.20
52 Week Low 77.25
Volume 129,280
Shares Issued 1,034.09m
Market Cap 859.85m
RiskGrade 192

IP Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.76% above the market average74.76% above the market average74.76% above the market average74.76% above the market average74.76% above the market average
75.21% above the sector average75.21% above the sector average75.21% above the sector average75.21% above the sector average75.21% above the sector average
Price Trend
29.86% below the market average29.86% below the market average29.86% below the market average29.86% below the market average29.86% below the market average
29.93% below the sector average29.93% below the sector average29.93% below the sector average29.93% below the sector average29.93% below the sector average
Income
31.77% below the market average31.77% below the market average31.77% below the market average31.77% below the market average31.77% below the market average
37.66% below the sector average37.66% below the sector average37.66% below the sector average37.66% below the sector average37.66% below the sector average
Growth
92.86% above the market average92.86% above the market average92.86% above the market average92.86% above the market average92.86% above the market average
86.55% above the sector average86.55% above the sector average86.55% above the sector average86.55% above the sector average86.55% above the sector average

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 26-May-22 12-Aug-21
Paid 30-Jun-22 27-Sep-21
Amount 0.72p 0.48p

Trades for 23-May-2022

Time Volume / Share Price
09:11 4,797 @ 83.37p
09:04 1,754 @ 83.15p
09:04 2,943 @ 83.15p
09:04 1,926 @ 83.20p
09:00 40 @ 83.40p

IP Group Key Personnel

CEO Greg Smith

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