The firm’s portfolio fell to a $61.8m net loss during 2018 amid difficult market conditions for listed small-cap businesses and the consolidation of its former peer Touchstone Innovations.
UK-based commercialisation firm IP Group today posted its annual results for 2018, slumping to a £48.4m ($61.8m) portfolio net loss from £94.2m ($127.2m) in profit the previous year.
Alan Aubrey, chief executive of IP Group, conceded the market had been “challenging” for listed small-cap portfolio businesses but insisted many “key” IP Group companies made substantial progress commercially.
IP Group completed its consolidation of former commercialisation peer Touchstone Innovations during 2018, in an acquisition expected to result in annual…
