Neil Crabb, chief executive of PLC () says a number of its investee companies “are beginning to see significant commercial traction now.”
In terms of an upcoming IPO for any of its investee firms, he says: “There are a number of companies in the portfolio that are looking at that process. I think realistically we are probably talking a 12-18month timescale for the first IPO event.”
Crabb speaks to Proactive Investors after the investment group, which is focused on the commercialisation of intellectual property developed by universities, saw revenues quadruple as it swung back to profit.
The top line grew to £992,000 in the six months to December 31 from £244,000 a year earlier, while pre-tax profits were £549,000.
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