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IP Group premium could soon return

While the proprietary technology incubator remains a high-risk pick, several important trends point to a possible re-rating
March 18, 2021

A frequent complaint of equity markets is that the biggest valuation gains are often banked long before shares in a company are publicly traded. Rock-bottom interest rates, heightened risk appetite, towering cash piles of private capital, and entrepreneurial aversion to the glare of a full listing have all added to the feeling that ordinary investors can only ever play catch-up.

Tip style
Speculative
Risk rating
High
Timescale
Medium Term
Bull points

Diversified portfolio

Oxford Nanopore IPO

Sustainability focus

Debt-free balance sheet

Discount to NAV

Bear points

High-risk investments

Mixed track record

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