SeaPRwire

Temasek-backed Oxford Nanopore, a Covid-19 test provider, to launch $4.59 billion London IPO: Sources

elean
2 minutes

LONDON (REUTERS) - Oxford Nanopore, a provider of rapid Covid-19 tests to the UK's national health service, is working with banks to launch an initial public offering (IPO) on the London Stock Exchange in the coming weeks. The deal will strengthen Britain's efforts to lure life science businesses to its main stock market. The company aims to build on the £2.48 billion (S$4.59 billion) valuation achieved in a funding round in May, two sources familiar with the matter said. The Oxford-based life sciences firm, which counts IP Group and Singapore's Temasek Holdings among its shareholders, provides DNA/RNA sequencing technology for sectors such as biomedical, pathogen, plant and animal scientific research, infectious diseases and food and agriculture. It has also worked on rapid Covid-19 tests. The deal will add to a crowded pipeline of share sales expected to launch in London and other European centres in the last IPO window of the year as 2021 looks set for record volumes of new listings, dominated by tech and e-commerce businesses. The Oxford Nanopore listing is a major win for London's main market as most biotech firms typically list on the LSE's junior AIM bourse before floating o...

SeaPRwire

Oxford GAV Conservation Venture Studio Appoints William I.Y Byun to Build Presence across Asia

pandora
3 minutes

Oxford, UK / SEAPRWire / Mar 25, 2021 / - Oxford GAV Conservation Venture Studio (CVS) announces that William I.Y. Byun has joined the team as a Partner to drive forward partnerships with both enterprises and governments across Asia. The Oxford GAV CVS - the first of its kind across the globe - is collaboration between the University of Oxford and Global Accelerated Ventures. In Asia, it aims to promote a new way of thinking about conservation by supporting local conservation efforts and by creating a thought leadership platform. Mr Byun brings more than two decades' experience of sustainable energy, climate change mitigation, and finance in emerging markets. He currently serves as an independent director to the International Center of the Government of Kazakhstan, in addition to advising various governments and state-linked investment bodies on infrastructure and renewable energy policy, including the Philippines, Brunei, Malaysia, Indonesia and Thailand. He has held senior finance roles at Conchubar Group's Asia Renewables and the AES Corporation, and is an adjunct professor of finance at California State University. With his experience and connections, Mr Byun will support the C...