PureTech To Go Public Via London Offering | Chemical & Engineering News
Volume 93 Issue 22 | p. 17 | Concentrates
Issue Date: June 1, 2015

PureTech To Go Public Via London Offering

Department: Business
Keywords: technology transfer, stock offering, venture investment, startups

PureTech Health, a Boston-based tech-transfer and investment firm, intends to raise at least $160 million in an initial public offering of stock on the London Stock Exchange. The firm uses a network of more than 50 entrepreneurs and scientists across multiple disciplines to find and assess scientific and technological advances. It claims to evaluate more than 650 ideas per year and currently has 12 life sciences companies in its portfolio. A similar company, Boston-based Allied Minds, raised $212 million in mid-2014 through its London IPO.

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