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Frontier IP Group PLC

Frontier IP Group PLC chief sees first investee IPO by the end of 2017

Neil Crabb, chief executive of Frontier IP Group PLC (LON:FIPP) 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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Price: £0.61

Market: AIM
Market Cap: £25.67 m
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Frontier IP focused on further industrial engagement across portfolio

Neil Crabb, chief executive of Frontier IP Group Plc (LON:FIPP) caught up with Proactive's Andrew Scott following the release of their half-year report. Frontier’s portfolio includes AI drug researcher Exscientia which secured a €15mln strategic investment from drug discovery company...

on 29/3/18

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