Cardiff spin-out Medaphor has announced its flotation on the Alternative Investment Market.

The firm sold its stakes in digital imaging technology developer Sopat and metrology analysis company Luphos.

E-commerce software producer Lockon, backed by a host of Japan-based corporates, is set to go public in Tokyo.

The Novartis-backed prostate cancer drug developer has filed for an initial public offering after raising more than $100m in funding.

Telstra had already invested $61m for a 23% stake but acquired the Google, Motorola Mobility and Itochu-backed online video service for another $270m.

Backed by its technology-focused fund, one of the three companies will exit via flotation.

E-commerce company Rakuten has acquired portfolio company Slice for an undisclosed amount to get access to data technology for analysis of its users.

SingTel and Comcast-backed social communications company Bubble Motion looks set to wind down following two failed acquisitions.

The design-led e-commerce company, backed by investors including Tencent, Itochu and NTT Docomo, could be sold for as little as $100m, just a year after being valued at $1bn.

Allied Minds and Bristol-Myers Squibb are joining forces to foster biopharmaceutical research at US universities.