剑桥大学要上市？
剑桥大学要上市？
越来越多的外国大学被商业化成为了普遍现象，拥有雄厚的资金和方法运作，能否使剑桥大学顺利IPO(首次公开募股)。
测试中可能遇到的词汇和知识：
flotation plan 上市计划[fləʊ'teɪʃ(ə)n]
cluster 群；簇；丛；串['klʌstə]
seam 缝；接缝[siːm]
pre-emption 优先购买[pri'empʃn]
spun 旋转[spʌn]
spinout 衍生公司['spinaut]
阅读马上开始，建议您计算一下阅读整篇文章所用的时间，对照下方的参考值就可以评估出您的英文阅读水平。
如果您读完全文用时为： 那么，您的阅读速度相当于 每分钟阅读的英文单词数
3分33秒 母语为英语者的朗读速度 140
1分6秒 母语为英语的中学生的阅读速度 250
1分13秒 母语为英语的大学生的阅读速度 350
0分46秒 母语为英语的速读高手 1000
Cambridge university start-up fund raises £75m ahead of IPO （467words）
By Clive Cookson, Science Editor
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Cambridge Innovation Capital, which commercialises science and technology from Cambridge university, has raised £75m ahead of a flotation planned in the next 18 months.
The university founded CIC in 2013 with an original £50m investment, which came from its own funds as well as outside investors including Lansdowne Partners, one of the largest hedge funds in London, and Arm Holdings, the technology group.
The £75m of cash raised ahead of an expected IPO was oversubscribed, said Victor Christou, CIC’s chief executive. Existing shareholders have been joined by new investors such as Woodford Investment Management, Winton Ventures and the Oman Investment fund.
CIC has invested £33m in 13 start-up companies, originating both from the university and from the wider Cambridge technology cluster, which Mr Christou called “one of the richest seams of scientific and technological innovation in the world.”
After the new funding round, CIC will have around £95m to invest over the next two or three years. Typically, it makes investments in the £2m-to-£5m range.
Cambridge university will remain the largest shareholder in CIC, owning about a third of the company. Lansdowne Partners and Invesco have the next largest holdings, with 20 per cent each.
As the university’s “preferred investor”, CIC works closely with Cambridge Enterprise, the university’s technology transfer arm, which offers co-investment opportunities and access to pre-emption rights over companies spun out of the university.
The company operates a so-called “evergreen fund” strategy, which provides long-term capital to support growth without being driven to seek an exit by selling shares in businesses prematurely after a fixed period.
The closest equivalents to CIC are Imperial Innovations and IP Group, both of them well-established public companies. Another similar company is the Wellcome Trust’s wholly-owned Syncona evergreen fund.
“Cambridge is well provided with seed capital funding and the university has a great record in getting businesses off the ground but it needed a better structure for sustained follow-on funding — which we can provide,” said Mr Christou.
“Our intention is to list the business in 12 to 18 months,” he said, “but of course that will depend on market conditions.”
Numis Securities acted as financial adviser, broker and bookrunner for the fundraising.
The 13 investments made so far by CIC are divided almost equally between healthcare and technology sectors. The £33m has also brought in about £70m from co-investors.
One investment has been made in Congenica, a spinout from the Wellcome Trust Sanger Institute, which develops computer programs to decode genetic diseases from DNA data.
Another has been made in Jukedeck, set up by a Cambridge music graduate to bring artificial intelligence to music composition — for example, creating backing tracks for computer games and videos. The latest investment, announced last month, is in Cambridge Medical Robotics, which is developing robots to carry out minimal access, keyhole surgery.
请根据你所读到的文章内容，完成以下自测题目：
1. How much of cash raised that Cambridge Innovation Capital ahead of an expected IPO?
A. ￡33m
B. ￡50m
C. ￡75m
D. ￡95m
2. How many percentages does Cambridge university own of CIC?
A. owning 20 per cent of the company
B. owning about a third of the company
C. owning about 35 per cent of the company
D. owning 50 per cent of the company
3. Which company is not similar with CIC?
A. imperial innovations
B. IP group
C. coller capital
D. wellcome trust’s
4. Which one is not included in the 13 investments made so far by CIC?
A. arm holdings
B. congenica
C. jukedeck
D. cambridge medical robotics
[1] 答案 C. ￡75m
解释：剑桥创新资本公司为了进入IPO阶段，现金流提高了750,000,000英镑。
[2] 答案 B. owning about a third of the company
解释：剑桥大学持有剑桥创新资本公司的三分之一的股份。
[3] 答案 C. coller capital
解释：和剑桥创新资本公司类似的资产投资公司有Imperial Innovations，IP Group和Wellcome Trust’s。
[4] 答案 A. arm holdings
解释：剑桥创新资本公司做的十三个投资中包含Congenica，Jukedeck和Cambridge Medical Robotics，几乎都是平均分配在医疗保健和技术方面。
