Tekcapital (GB:TEK) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts and uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Tekcapital plc has successfully spun out its subsidiary, GenIP plc, onto the AIM market of the London Stock Exchange, raising £1.75 million through an initial public offering. GenIP, specializing in Generative Artificial Intelligence services, is now 63% owned by Tekcapital following the IPO. The move marks Tekcapital’s fourth incubator company to go public and the second IPO this year, signaling a continued strategy of fostering and monetizing technological innovations.
For further insights into GB:TEK stock, check out TipRanks’ Stock Analysis page.
