Tekcapital (GB:TEK) has released an update.
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Tekcapital plc has announced that its portfolio company GenIP is preparing for an initial public offering (IPO) on the AIM Market of the London Stock Exchange, with Tekcapital expecting to retain approximately 63% ownership post-IPO. GenIP utilizes Generative Artificial Intelligence (GenAI) to enhance research reports and executive recruitment, aiming to streamline the commercialisation of technology discoveries. The services have already generated orders since their launch in September 2024, indicating a positive trajectory for the company’s growth.
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