Overview

 

We advised Oxford Nanopore Technologies (“ONT”) on its initial public offering and admission to trading of its ordinary shares onto the standard listing segment of the London Stock Exchange, with an offer size of approximately £524m (based on an offer price of 425 pence per share) and a market capitalisation of £3.4 billion at the start of conditional trading.

This deal has been a highlight of the UK equity capital markets in 2021, and is described by Bloomberg as “one of London’s best-ever debuts”.

The impact

 

A transformative step for a UK biotech success story and long-standing client

  • A vote of confidence in the UK equity market
  • High-profile platform and permanent capital structure to support R&D development and ambitious global growth plans

Key facts

£524 MILLION OFFER SIZE

(PRIMARY ISSUE AND SECONDARY SELL-DOWN) 

£3.4 BILLION MARKET CAP AT OFFER PRICE

43% JUMP IN MARKET PRICE

BY END OF FIRST DAY OF UNCONDITIONAL TRADING