DNA-sequencing company valued at £3.4bn in one of the best IPOs of its size on the LSE
DNA-sequencing company Oxford Nanopore Technologies rose as much as 47% as it started trading in London, in one of the UK’s best-ever market debuts.
“Oxford Nanopore is a British success story. It’s growing at an attractive 30%, and genome sequencing is a sexy and hot area to be in right now, there’s just a lot of demand for the company’s offering,” said Oliver Brown, a fund manager at RC Brown Investment Management, who participated in the IPO. “This will be seen as a vote of confidence for the LSE as a worthy launch pad for both tech and pharmaceutical companies, particularly given the Nasdaq’s dominance in this space,” said Susannah Streeter, a senior investment and markets analyst at Hargreaves Lansdown.
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