Tekcapital portfolio company Guident has taken one step closer towards its IPO with an updated S-1 filing with the SEC.
There still isn’t a firm date for the autonomous vehicle company’s NASDAQ listing, but the updated filing suggests the wheels are in motion.
Many NASDAQ IPO have been delayed in recent months due to the prolonged government shutdown and market conditions. It appears that Guident has been one of the companies affected.
The updated S-1 included Guident’s 2025 results, which showed that although the company is still in the early stage of commercialisation, it is making progress in revenue generation through partnerships with Michigan State University and deployments in Boca Raton and West Palm Beach.
WPTV recently reported that Boca Raton is expanding its deployment of the Guident autonomous shuttles after enjoying strong use.
Most other details in the S-1 remain unchanged, suggesting the filing was a fine-tuning exercise before the IPO moves forward.
The pricing range remains the same, with a mid-price of $4.50, implying Tekcapital’s stake could be worth around $26m when GDNT starts trading on NASDAQ.
This is worth more than Tekcapital’s entire market cap of £18m. Tekcapital’s other major holding is in MicroSalt, which is worth around £17m. It also has stakes in GenIP and US-listed Innovative Eyewear.