Malin Corporation

CG Oncology IPO drives NAV growth

  • Sectors : Pharma and healthcare
  • Companies : Malin Corporation

Ratings and price correct at time of issue.

  • Malin Corporation

    Closing Price: 454c

  • RATING 29/09/15

  • PREVIOUS RATING N/A

DAVY VIEW

Malin has announced that one of its investments, CG Oncology, will list on the NASDAQ today following its initial public offering (IPO). Based on pricing, the value of the group’s existing stake has increased to €15m. This drives a 4% upgrade to net asset value (NAV), widening the discount to NAV to 39%. We see a major opportunity in Malin.

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Jan 25 2024, 12:15 GMT

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