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Imperial Innovations raises £140M to back university spin-outs

This article was originally published in Scrip

Executive Summary

Imperial Innovations, the publicly listed technology commercialisation and investment company, has raised £140 million in a warrants and rights issue to enable it to invest in companies based on intellectual property generated by Imperial College London, University College London and the universities of Oxford and Cambridge. Investors are able to buy the shares at 350p each, a 26.7% discount to the closing share price on 6 December.

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