Flotation places firm in Manchester’s stock exchange premier league

Calisen begins trading on the London Stock Exchange
Manchester-based smart meter group Calisen began trading on the stock exchange today.It raised £328.8m through a placing of 157.55m shares, approximately 25% of its capital, priced at 240p each, valuing the group at £1.32bn.Early trading in the stock saw the price rise to 249p per share.Proceeds from the issue of the new shares will be used to support future growth, to repay equity bridge loans, letters of credit and other debt, to fund existing and new contracts relating to the smart meter roll-out, and for other genera... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...