IP Group (IPO)

Sector:

Financials

Index:

FTSE 250

136.60p
   
  • Change Today:
    -0.40p
  • 52 Week High: 155.20p
  • 52 Week Low: 75.30p
  • Currency: UK Pounds
  • Shares Issued: 1,062.79m
  • Volume: 1,687,358
  • Market Cap: £1,451.77m
  • 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 136.60p
Change Today -0.40p
% Change -0.29 %
52 Week High 155.20p
52 Week Low 75.30p
Volume 1,687,358
Shares Issued 1,062.79m
Market Cap £1,451.77m
RiskGrade 192

IP Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.03% above the market average78.03% above the market average78.03% above the market average78.03% above the market average78.03% above the market average
38.35% above the sector average38.35% above the sector average38.35% above the sector average38.35% above the sector average38.35% above the sector average
Price Trend
75.97% above the market average75.97% above the market average75.97% above the market average75.97% above the market average75.97% above the market average
68.57% above the sector average68.57% above the sector average68.57% above the sector average68.57% above the sector average68.57% above the sector average
Income
23.49% above the market average23.49% above the market average23.49% above the market average23.49% above the market average23.49% above the market average
9.33% below the sector average9.33% below the sector average9.33% below the sector average9.33% below the sector average9.33% below the sector average
Growth
47.01% below the market average47.01% below the market average47.01% below the market average47.01% below the market average47.01% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
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
  Interim Final
Ex-Div 12-Aug-21 13-May-21
Paid 27-Sep-21 16-Jun-21
Amount 0.48p 1.00p

Trades for 24-Sep-2021

Time Volume / Share Price
16:35 251,645 @ 136.60p
16:29 2,103 @ 136.60p
16:29 378 @ 136.80p
16:29 2,193 @ 136.80p
16:29 1,316 @ 136.80p

IP Group Key Personnel

CEO Alan John Aubrey
CFO Greg Smith
COO David Baynes

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