Calisen finishes first major UK IPO in 2020

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By Aidan Gregory
07 Feb 2020

The IPO of Calisen Group, the UK operator of smart meters, is due to be priced at 240p a share according to final messages from boorkunners, slightly below the midpoint of the 225p-265p initial range, valuing the company at £1.29bn.

Calisen revised the price range for its flotation to 235p-250p on Wednesday. The IPO was covered throughout the revised range, according to a banker close to the transaction, which was oversubscribed by the end of the first day of marketing last week.

The company is raising £300m of ...

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