Woodford favourite Oxford Nanopore unveils IPO

Builds from latest funding round

James Baxter-Derrington
clock • 2 min read

Oxford Nanopore has revealed plans to list on London Stock Exchange in an initial public listing that could value the firm as highly as £4bn.

The biotech firm has achieved global recognition with its DNA sequencing devices used for identifying and tracking the spread of Covid-19 variants, while in the UK, the firm supplied the NHS with rapid tests. Oxford Nanopore represents almost half of new Cayman-based Woodford fund In its latest funding round, the company was valued at £2.4bn but the IPO could see the firm valued around £4bn, according to analysts at Jefferies. The estimate was based on the firm's 2023 revenue targets and in comparison to its closest listed rival, $6bn Pacific Biosciences. In the six months to Ju...

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