A British pioneer in battery-based infrastructure is launching a £350m share sale in what would be one of the largest such fundraisings by an early-stage UK company
The company says it is the leading owner and operator of battery storage in the UK. Pic: ZenobeA British pioneer in battery-based infrastructure is launching a £350m share sale in what would be one of the largest such fundraisings by an early-stage UK company.
City sources said on Friday that the primary share sale was likely to raise between £350m and £400m from new and existing shareholders, while a secondary sale of shares would take the total value of shares changing hands to at least £500m. The company has told prospective investors that they will have the opportunity to invest £1bn in its shares during the next four years as it keeps pace with demand from new customers.
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