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Tekcapital ( (GB:TEK) ) has provided an announcement.
Tekcapital plc announced that its portfolio company, Guident Corp., has confidentially submitted a draft registration statement for a proposed initial public offering with the SEC. Guident specializes in commercializing patented technology for safer autonomous vehicles, and Tekcapital owns approximately 70% of the company. This move is expected to strengthen Guident’s market position and potentially increase Tekcapital’s investment value.
More about Tekcapital
Tekcapital plc is a UK-based intellectual property investment group focused on creating valuable products that enhance people’s lives. The company invests in new, university-developed discoveries and is listed on the AIM market of the London Stock Exchange.
Average Trading Volume: 325,966
Technical Sentiment Signal: Sell
Current Market Cap: £15.18M
For a thorough assessment of TEK stock, go to TipRanks’ Stock Analysis page.