Calisen finishes first major UK IPO in 2020

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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