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IN BRIEF: Mineral & Financial's Ideon stake valued at CAD1.4 million

14th Sep 2022 16:06

Mineral & Financial Investments Ltd - Cayman Islands-based investment company - Announces that portfolio firm Ideon has received USD15 million equity investment from Silicon Valley venture capital firm Playground Global. Playground will own 20% of Ideon. The value of Ideon, M&F notes, has increased more than nine times in two years. Based on this financing, M&F's 1.4% stake will be valued at CAD1.4 million.

Current stock price: 122.82 pence, up 0.6%

12-month change: up 14%

By Chris Dorrell; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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