New investee to IPO soon?2 May 2024 08:54
Today's RNS that FIPP holds a 4.26% stake in Diagen AI Inc., which has announced a collaboration with FIPP's investee TVG, sounds encouraging at first look if not hugely significant.
But if you then look at Diagen's investor slide deck, slide 23 reveals that they are completing a pre-IPO round and are looking to go public in this Q2.....
In which case, at North American valuations, a 4.26% stake might be reasonably material to little ol' FIPP.
Now there's many a slip 'twixt the cup and the lip, as old people would say - and earlier in the slide deck it mentions listing in Q1. Nevertheless Diagen seem keen to list at the earliest opportunity.
Note that Neil Crabb is pictured and mentioned a couple of times as an advisor, and TVG are listed on slides 21 and 22:
Https://investor.diagen.ai/deck