Frontier IP's half-yearly report sees its revenues quadruple as the company looks ahead to its first IPO exit within 12 to 18 months.
Frontier IP, a UK-based university intellectual property investment firm, expects to see its first investee initial public offering by the end of 2017, Proactive Investors has reported.
The news follows Frontier IP’s release of its half-yearly report that also showed that the firm has quadrupled its revenues and swung back into profit.
Frontier IP specialises in supporting universities and research institutions commercialise their intellectual property. Its half-yearly results, released earlier this month, report the fair valuation of its portfolio has raised 31% to £3.75m ($5.5m).
Neil Crabb, chief executive of Frontier IP, revealed he expects the first initial public offering of a portfolio company to take place within the next 12 to 18 months.
In November 2015, we reported that Frontier doubled its revenue, bringing it to £1.6m. The firm is also looking into overseas collaborations. Earlier this month, we reported that Frontier IP had reached an agreement with Universidade de Évora in Portugal.
