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Oxford Nanopore announces London IPO after hitting $3.3 bln valuation – Reuters



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Sept 9 (Reuters) – Oxford Nanopore, a provider of rapid COVID-19 tests to Britain’s national health service, announced a London listing on Thursday as it aims to build on the 2.4 billion pound ($3.3 billion) valuation it achieved in its latest funding round.The life sciences company is planning a free float of at least 25% of its shares in the initial public offering (IPO) and said it was aiming to reduce its losses to breakeven in the next five years.A successful deal would be a major coup for the London Stock Exchange as most British pharma and life science companies tend to …

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