(Adds M&G investment, recasts)
LONDON, May 4 (Reuters) - Oxford Nanopore has been valued at
around 2.48 billion pounds ($3.44 billion) after raising 195
million pounds in new investment ahead of its planned initial
public offering later this year, its backer IP Group
said on Tuesday.
Singapore's Temasek, Wellington Management, M&G Investments
and Nikon put 125 million pounds into the life sciences company,
according to IP Group, with M&G saying it had invested 35
million pounds. Existing investors including IP Group
contributed 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, which holds a 14.5% stake, said its investment in
Oxford Nanopore is now worth 359 million pounds.
($1 = 0.7202 pounds)
(Reporting by Rachel Armstrong; editing by John O'Donnell and
Tommy Wilkes)