Woodford investors miss out as Oxford Nanopore IPO skyrockets

James Baxter-Derrington
clock • 3 min read

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. Investors in the former Woodford Equity Income fund, now LF Equity fund, will not be able to reap the benefits of Neil Woodf...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?