Imperial Innovations looks to raise L100M

Imperial Innovations Group plc (LSE:IVO) plans to raise L100 million ($142.9 million) through a placing of 23.5 million shares at 425p to existing and new institutional investors. The price is a 6% premium to the firm's close of 400p on Wednesday, before the offering was proposed. The placing is subject to shareholder approval by May 31.

Imperial Innovations acts as the technology transfer office for Imperial College London and also invests in technologies from the University of Oxford, the University of Cambridge and University College London. ...