8th Nov 2021 16:13
Eneraqua Technologies PLC - London-based heating and hot water systems for social housing and commercial projects - Sets price for initial public offering on AIM market in London to give market capitalisation of GBP92.0 million. The IPO, at 277 pence per share, is being led by finnCap Ltd as broker and nominated adviser. It will raise GBP12.0 million for the company and GBP8.0 million for selling shareholders. Trading is expected to start on November 22. Chief Executive Officer Mitesh Dhanak is the single largest shareholder currently with a 25% stake, though this will fall to 19% after the IPO.
By Tom Waite; [email protected]
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