Oxford Nanopore 🧬 🧫 - ONT

Thank you for the excellent overview of this company.

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Looking forward to seeing this on Freetrade. :star_struck:

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Anyone have an idea as to when they could float?

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All I can find is ‘is in coming weeks’ which was posted on the first of September, so I’m thinking it will be before Christmas.

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Thanks, we are eerily light on details

I’ve decided to buy into IP Group, who have a 15% stake in Oxford Nanopore. Then maybe i’ll sell before ON floats

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@MassiveOwl IP Group generates £84m from Oxford Nanopore IPO, 30 Sep 2021 06:45 | Shares Magazine

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I know one of the people who works there. They showed me the gene sequencing device, it’s about as big as a phone and sequences your DNA or a virus or whatever in like 20-40 minutes, passing the material through a mesh or something. No idea how it works.

The device is like £1,000 and the single-use substrates are like £750. I didn’t even know this technology existed, but it seems like it will be pretty useful in the medical and research industry.

No idea on the company fundamentals in terms of an investment. I tend to stay away from any wonder-technology as they can be a big gamble and massively over-hyped on speculation. Also, the customer market may not have worked out what they value the device at yet and what the demand is.

Also, anything medical related is highly dependent on regulations and approvals which adds another gamble aspect unless you understand the industry. Compare that to something like a new consumer electronic device which is way less dependent on regulations and much easier to get to market. Just my take on this sort of thing, but I am not well informed in this particular company.

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So, do we think it will make it on to Free trade today?

I hope so

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Conditional trading began on Thursday, and the shares were up 34% from the issue price at 570p each in early trading, growing the company’s market cap to GBP4.56 billion. The ticker is ONT I think and it is still going up - now at 615p. Here is the share page on LSE:

Unconditional dealings begin on October 5. So I doubt we’ll see it before then. :sob: LSE did a little news story about it here:

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Crazy volume on IP Group today (they have a 15% stake in Oxford Nanopore), they were at their daily average volume of 2.5m at ~9:30 today. Approaching ~4.9m now

Oxford Nanopore’s volume is hitting 12m - woahh

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Bump, needs adding!

This has been moved to a stock discussion which means it should be in the app imminently.

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This is now live on your app :tada:

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Thanks @Freetrade_Team

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Another buyer here.

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Likewise

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Yep, I’m all locked in.

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My stock list is getting out of hand :rofl:

I’m in, thanks for the quick add.

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Brought fifteen shares today. Let’s go!

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