Frontier IP has announced the sale of 183.9k shares in portfolio company Exscientia at an average price of $21.68. This equates to the sale of 11.7% of FIPP’s Exscientia stake and has raised net proceeds of approximately $4m (£2.9m). Following this sale, Frontier IP holds 1.381m shares worth $25.0m (£18.6m). We view this as a highly opportune sale given the ongoing volatility in Exscientia’s share price and the wider market. Frontier IP intends to use the proceeds from the sale for general worki ....
