London Stock Exchange welcomes Oxford Nanopore Technologies plc to the Main Market

London Stock Exchange welcomes Oxford Nanopore Technologies plc to the Main Market of the London Stock Exchange. Founded in 2005 by Gordon Sanghera, Spike Willcocks and Professor Hagan Bayley, Oxford Nanopore has developed a new generation of nanopore-based sensing technology.

Oxford Nanopore’s long term goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere. Oxford Nanopore’s sequencing devices are already used by scientists in more than 100 countries around the world across a breadth of research areas — from solving problems in human health and food production, to tackling climate change and antimicrobial resistance.

The Company, which is headquartered in Oxford and has a team of approximately 700 staff globally, has raised gross proceeds of £350 million at a placing price of 425 pence per share. The Offer also comprised approximately 41 million existing Shares sold by existing Shareholders, equating to a total Offer size of c.£524 million. 

The investment will be used to support continued innovation, growth, and working towards the goal of enabling the analysis of anything, by anyone, anywhere. 

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
4,391.12
Listing/Admission to trading
30 Sep 2021

At listing, Gordon Sanghera, CEO, Oxford Nanopore Technologies said:

"Today is a very proud day for the entire Oxford Nanopore team, but we believe we are only in the foothills of a long and exciting journey.

We are living on the cusp of the genomic era. I believe that our unique technology will open up many new possibilities for positive impact, both through enabling new discoveries in scientific research, and through more accessible, faster, richer biological insights in health, agriculture, food and understanding environments.

Our focus remains on continuing to innovate, grow, and working towards our goal of enabling the analysis of anything, by anyone, anywhere. This IPO brings us a step closer to being able to fulfil that ambition."

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