6th Jan 2021 19:10
IP Group PLC - intellectual property commercialisation company - Says portfolio company Hinge Health Inc has completed USD300 million Series D investment round, valuing the company at around USD3 billion. Following completion of investment round, IP has an undiluted beneficial holding of around 2.4% in Hinge Health that the directors anticipate will be valued at GBP42.1 million, representing a net unrealised fair value gain of approximately GBP30.7 million.
Current stock price: 110 pence
Year-to-date change: up 12%
By Arvind Bhunjun; [email protected]
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