NextEnergy brings renewable fund IPO flurry to an end

An IPO of the UK’s NextEnergy Solar Fund could mark the end of a spurt of listings from renewable energy funds, as investors seem to have reached their limit for new names in the sector. NextEnergy Solar Fund had planned to raise up to £150m through its IPO, which was led by Cantor Fitzgerald as financial advisor and lead bookrunner, and Shore Capital as sponsor and joint bookrunner, but later reduced its expectations and the deal brought in proceeds of £85.6m.