29th Nov 2021 09:36
(Alliance News) - IP Group PLC on Monday reported an additional fair value gain of GBP27.3 million, following a completed funding round by one of its portfolio companies.
The London-based developer of intellectual property-based businesses did not name the company, but said it was one of its 20 most valuable holdings, and that it had committed GBP5 million to the funding round, leaving it with a 29% interest.
Shares in IP Group were up 4.1% at 116.60 pence on Monday in London.
By Dayo Laniyan; [email protected]
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