Calisen IPO: share price stays steady after hitting £1.3 billion valuation

The smart meter company has seen its share price edge higher this week after successfully listing on the London Stock Exchange and securing a £1.3 billion valuation – the largest of 2020 so far.

Calisen has seen its share price remain steady after successfully listing on the London Stock Exchange (LSE) last week and securing a £1.3 billion valuation – the largest floatation in Europe so far this year.

The smart meter company, which was backed by US-based private equity firm KKR, managed to raise £328.8 million from its initial public offering (IPO) on the main market of the LSE, listing at 240p a share.

Looking to trade Calisen? Open a live or demo account with IG today.

‘Today marks the start of an exciting period for Calisen, with new capital to support our next phase of growth as a listed company on the London Stock Exchange,’ Calisen CEO Bert Pijls said on Monday.

‘This is a significant achievement for all of us and I am extremely proud of all our employees, whose hard work in getting our business to where it is today has made this process possible,’ he added.

Calisen is trading at 241p a share as of 15:00 (GMT) on Tuesday.

Strong start for London IPOs in 2020

Calisen’s IPO represents the largest public listing on the LSE since the £1.1 billion float of Trainline, the digital rail and coach ticketing platform, which went public in June 2019.

According to LSE data, only 34 companies listed on the exchange in 2019, with new equity down more than 38% from over £6 billion in 2018 to £3.7 billion last year.

You can go long or short Calisen with IG using derivatives like CFDs.

Not only did Calisen become the largest listing in seven months, it also received the London Stock Exchange's Green Economy Mark.

‘In addition to pure-play’ green technology companies, the Green Economy Mark captures all equities on our London markets that derive at least 50 per cent of revenues from products and services that contribute to the global green economy,’ Charlie Walker, head of equity primary markets at London Stock Exchange, said.

‘This underlines London Stock Exchange's commitment to finding innovative solutions to support issuers in the transition to a sustainable, low-carbon economy, and to support the growing investor demand for actionable climate related information,’ he added.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
Sell
Buy
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Sell
Buy
Updated
Change

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Sell
Buy
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
China 300
-
-
-
-

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.