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Liberum's note out this morning on Research Tree: "Oakley's largest underlying portfolio company, Time Out Group, yesterday announced the successful completion of its IPO. £90m has been raised for Time Out Group and the IPO price implies a market cap of £195m. £92m is attributable to Oakley Capital Investments (the listed fund) which represents 24% of NAV. We calculate the transaction will add £3m (1.7p per share) to Oakley's NAV which represents a 0.9% uplift."
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