[LONDON] Oxford Nanopore has been valued at around £2.48 billion (S$4.59 billion) after raising £195 million 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 into the life sciences company, according to IP Group, with M&G saying it had invested £35 million. Existing investors including IP Group contributed £70 million.
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 per cent stake, said its investment in Oxford Nanopore is now worth £359 million.
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