IP Group, the UK-based commercialisation firm, has extended its planned capital raise to £100m to fund its expansion across the Atlantic and development support for its portfolio university spin-out companies.

The raise is an addition to an already planned £75m round, which will be raised through the issue of around 60.6 million shares at 165p per share.

The fundraising comes shortly after the IP Group made a deal to fully acquire Fusion IP, which has exclusive commercialisation agreements with Swansea…

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