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The first post-Brexit IPO on LSE

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The first post-Brexit IPO on LSE
February 11
13:00 2020

The first post-Brexit IPO of a national company has taken place on the London Stock Exchange. It is about Calisen Group, which is engaged in the production of smart meters for electricity and gas supply. The initial public offering was 2.4 pounds per share. The original range was between 2.25 – 2.65 pounds. The total valuation of the company amounted to 1.3 billion pounds.

This year, Calisen IPO has been the largest in Europe. For Britain, it has become the largest IPO since last June.

It has cheered up the investors. Perhaps now the LSE will once again get the status of the main platforms for the initial stock offering. Last year, the performance of the exchange was very poor. Things got worse only during the 2009 global crisis.

In 2018, the London Stock Exchange held over 60 initial offerings at its platforms. Then the companies raised a total of about 6 billion pounds. Last year, the figures became twice as worse. Only 34 firms conducted IPOs in London and were able to get 3.7 billion pounds.

Last year, the FTSE indicator grew by 14%. This is a very bad indicator for Britain. The indices of the European region, the USA, as well as other countries have shown an average increase of 25%.

Calisen was purchased from Infracapital in 2016. The amount of the transaction then totaled 1 billion pounds.

Trades in Calisen securities start on Wednesday.


The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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