Frontier IP Group PLC (AIM:FIPP) saw its shares rise as it noted plans by one of its portfolio companies to float in the US.
Exscientia has filed a registration statement with the US Securities and Exchange Commission relating to a possible initial public offering (IPO).
Frontier IP, which looks to build and grow a portfolio of equity stakes and licence income by taking an active involvement in spin-out companies, noted there is no guarantee that an IPO will take place.
Shares in Frontier were up 1.9% at 106.5p in early deals.