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IP Group plc ( (GB:IPO) ) has shared an announcement.
IP Group plc has repurchased 380,000 ordinary shares as part of its ongoing share buyback program, with the highest price paid per share being 52.00 GBp and a volume-weighted average price of 51.5215 GBp. This buyback initiative aims to reduce the number of shares in circulation, potentially enhancing shareholder value by adjusting the capital structure, and follows an extension announced earlier in January.
More about IP Group plc
IP Group plc operates in the financial services industry, focusing on investing in and supporting innovative technology companies. The company is known for its partnerships with scientific research institutions to commercialize intellectual property, primarily targeting sectors like healthcare, technology, and clean energy.
YTD Price Performance: -5.01%
Average Trading Volume: 3,344,711
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £497.2M
For detailed information about IPO stock, go to TipRanks’ Stock Analysis page.
