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LONDON, May 4 (Reuters) - Oxford Nanopore has raised 195
million pounds($270.72 million)in new investment ahead of its
planned initial public offering due later this year, its backer
IP Group said in a statement on Tuesday.
IP Group, which holds a 14.5% stake in Oxford Nanopore, said
Singapore state investor Temasek, Wellington Management, M&G
Investments and Nikon had put in 125 million pounds in fresh
investment into the life sciences company with existing
investors contributing 70 million pounds.
Oxford Nanopore is expected to list on the London stock
market in the second half of this year, with sources telling
Reuters last month it had appointed banks to manage the process.
IP Group said its stake in Oxford Nanopore is now worth 359
million pounds, giving the company an overall valuation of 2.48
billion pounds.
($1 = 0.7203 pounds)
(Reporting by Rachel Armstrong; editing by John O'Donnell)
