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...

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