We take a look at 5 new IPOS listed on the LSE over the past few weeks, including:
Oxford Nanopore Technologies ONT
OXFORD NANOPORE TECHNOLOGIES
Opening date 30 September 2021
Issue price 425p
Market cap £4.5bn
Ticker ONT
At the helm Dr Gordon Sanghera
What they do
One of many companies to benefit during the pandemic, it produces rapid Covid tests and pocket-sized DNA sequencing devices. Dubbed the “smartphone of sequencing”, they can be used far and wide to track Covid variants, a massive advantage over the large and bulky machinery generally used for DNA sequencing. So far, they have been used to track the virus in 85 countries.
As the LSE’s first major biotech listing since 2014, Oxford Nanopore’s share price soared more than 40% on its opening day, reaching 607p by market close.
MADE TECH
Opening date 30 September 2021
Issue price 122p
Market cap £180m
Ticker MTEC
At the helm Rory MacDonald
What they do
Founded in 2012, Made Tech digitally transforms legacy-based apps and other services across government, healthcare and other sectors. The company originally focused on helping start-ups build fast and agile digital products, moving into the public sector in 2016 to help deliver better outcomes for the public.
Recently, they worked with HMRC to improve its digital tax platform, developed new recruitment platforms for the NHS and Department of Education, and it is currently helping the DVLA to provide improved digital services for the UK provisional driving licence system.
PEEL HUNT
Opening date 30 September 2021
Issue price 228p
Market cap £280m
Ticker PEEL
At the helm Steven Fine
What they do
Peel Hunt, an investment firm founded in 1989, provides advice, corporate broking and research services to SMEs. It claims to have facilited 47% of UK retail enquiries during 2021, and has plans to expand into Europe, invest further into technology and increase its cash holding to meet regulatory requirements.
Revenue growth was strong in 2021, reaching £197m, more than double the £96m earned in 2020. It currently works with 157 corporate clients with an average market cap of £775m, and provides research to 1,200 institutions.
GREENROC MINING
Opening date 1 October 2021
Issue price 10p
Market cap £11m
Ticker GROC
At the helm Kirk Adams
What they do
GreenRoc, a mining enterprise focused on projects in Greenland, aims to become a key supplier of high-demand high-value minerals. Its current portfolio includes the Thule Black Sands Project, a high-grade ilmenite project that has already undergone extensive drilling, and the Inglefield Multi-Element Project which is hoped to yield copper, gold, cobalt and nickel.
Key areas of interest for GreenRoc are the graphite and titanium markets, which the EU and US have labelled as critical. The company reports that demand for graphite will increase up to 2,500% by 2040, propelled by the electric vehicles sector.
NET ZERO INFRASTRUCTURE
Opening date 14 September 2021
Issue price 3p
Market cap £2.5m
Ticker NZI
At the helm Michael Ellwood
What they do
Essentially a cash shell rather than a company, Net Zero is aiming to acquire businesses in the clean energy sector, businesses that support the UK’s ambitious net zero carbon goals. Like many others, Net Zero concludes that there are “considerable commercial opportunities” in the renewable and green energy sector.
Along with businesses that generate clean energy, Net Zero is also considering energy storage and carbon capture enterprises. The share price surged upon opening and peaked at 5p over the following weeks, though it has since settled back below 4p.
Have you invested in any of the new IPOs, or do you have your eye on one? Let us know in the comments section below.
