News Column

Intelligent raises £40m in float

July 4, 2014

? Intelligent Energy will today become the biggest technology stock to list in London for five years. The fuel cell business will list shares priced at 340p on the main market, giving it a market cap of about 600m. It will raise 40m proceeds from the offering, and a further will generated 16.6m from an investment by Singapore's GIC. London has been losing out in recent years to New York which has more success attracting flotations in the tech sector.

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Source: City A.M. (UK)

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