Ip Group Share News (IPO)

UPDATE: IP Group notes some opposition to non-exec re-election

IP Group PLC - London-based intellectual property company investing in technology - Reports all annual general meeting motions pass, but resolution to re-elect Heejae Chae as non-executive director receives opposition from just under 22% of investors.

IN BRIEF: IP Group receives payout after portfolio company acquisition

IP Group PLC - London-based intellectual property company investing in technology - Receives cash consideration from acquisition of portfolio company Garrison Technology Ltd by US cybersecurity firm Everfox. IP Group to receive cash consideration not affecting its net asset value. Says more information to be provided in due course.

IN BRIEF: IP Group joins USD111 million financing round for Hysata

IP Group PLC - invests in companies pursuing breakthrough science - Portfolio company Hysata Pty Ltd completes USD111.3 million series B funding round. Hysata is developing electrolysers to produce green hydrogen efficiently. It will use the fresh cash to advance product development and expand production capacity at its manufacturing facility in Wollongong, New South Wales, Australia, as it focuses on "reaching gigawatt scale manufacturing". The funding round, which Hysata calls "the largest series B in Australian clean tech history", is led by bp Ventures, part of oil major BP PLC, and private equity firm Templewater Ltd, a spin-off from Investec PLC.

IP Group's Hysata completes $111m series B funding

(Sharecast News) - IP Group announced the completion of a $111m series B funding round by its Australian portfolio company Hysata on Thursday.

LONDON BROKER RATINGS: Jefferies cuts AJ Bell; Deutsche likes ConvaTec

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

London close: Stocks mixed as UK economy returns to growth

(Sharecast News) - London markets finished with a mixed performance on Wednesday, following a surge on Tuesday, with investors buoyed by news of the UK economy's return to growth in January.

IP Group net asset value declines amid supply chain issues, inflation

(Alliance News) - IP Group PLC on Wednesday reported a slowed decline in net asset value, citing global issues such as supply chain disruptions and inflation and interest rate trends.

LONDON BROKER RATINGS: JPMorgan raises Flutter and cuts Entain

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

IP Group net asset value falls, but losses narrow

(Sharecast News) - Intellectual property-focussed investor IP Group reported a net asset value of £1.19bn in its results for 2023 on Wednesady, or 114.3p per share, down from £1.38bn and 132.9p per share in 2022.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: IP Group expects net assets to fall in 2023 trading update

IP Group PLC - invests in companies pursuing breakthrough science and innovation, such as Oxford Nanopore Technologies PLC - Expects net asset value per share on December 31 to fall to between 111 pence and 117p, from 132.9p a year earlier. Says this is due to the market environment for early-stage investing "remaining challenging in 2023 and, against this backdrop, we saw some further softening of valuations in the final quarter of 2023". Also says: "Within this context, many of the group's leading portfolio companies made strong progress, with some significant inflection points expected in 2024." Expects to announce its 2023 results on March 13.

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

IN BRIEF: IP Group takes part in portfolio company's funding round

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.

IP Group commits £11.8m to portfolio company's funding round

(Sharecast News) - IP Group announced its participation in a follow-on funding round for an unnamed portfolio company on Friday, expecting to realise a net fair value gain of £40m, or 4p per share.

LONDON MARKET CLOSE: FTSE 100 outperforms European peers

(Alliance News) - Stock prices in London closed higher on Monday, after investors shrugged off hawkish comments from US Federal Reserve officials amid festive cheer.