The forthcoming IPO of Guident Corp in the US is highly likely to trigger a further re-rating of TEK’s share price. The proceeds from Guident’s IPO will be used to accelerate the deployment of its autonomous vehicle monitoring & control system and its robotics software development. We await pricing and valuation data but see this as a pivotal moment for TEK’s portfolio. On current market prices TEK is trading at an unsustainable 45% discount to NAV per share.
