Relief as year’s first IPO Calisen recovers from trading setback

By Sam Kerr
13 Feb 2020

Calisen, the UK operator of smart meters which has completed the first major European IPO of the year, was trading above issue price on Thursday, to the relief of sources close to the trade after early selling dampened its stock market debut.

Credit Suisse, KKR Capital Markets, Citigroup and HSBC were global co-ordinators on the £328.4m IPO; Barclays and Goldman Sachs were bookrunners.

Calisen was trading at 241.5p a share early on Thursday afternoon, 0.63% above its 240p IPO price. While only slightly above the IPO price, that Calisen is above ...

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