Woodford investors miss out as Oxford Nanopore IPO skyrockets

Rose more than 40% on open

James Baxter-Derrington
clock • 2 min read
The biotech firm has achieved global recognition with its DNA sequencing devices used for identifying and tracking the spread of Covid-19 variants.
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The biotech firm has achieved global recognition with its DNA sequencing devices used for identifying and tracking the spread of Covid-19 variants.

Oxford Nanopore Technologies has debuted on the London Stock Exchange to strong investor demand as shares in the former Woodford favourite rose more than 40% on open.

The biotech firm set an offer price of 425 pence per share, which would have given the firm a total market capitalisation of approximately £3.4bn. However, the stock opened considerably higher at 545 pence per share before rising as high as 622 pence per share, up 47% on its initial offer price. Link vows to defend itself as Leigh Day Woodford case heads to court Investors in the former Woodford Equity Income fund, now LF Equity fund, will not be able to reap the benefits of Neil Woodford's long-standing belief in the company, as Link Fund Solutions sold off the fund's early invest...

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