Smart meters firm Calisen is set to be the first large company to come to the Main Market this year. It wants to raise £300m and at least some of that cash will go towards reducing debt.
The business is currently owned by private equity firm KKR and some existing shares will also be sold. Calisen could be valued at up to £1.5bn.
There is a large potential market in the UK for smart meters, but that has been true for many years and companies such as Bglobal have come and gone because business did not build up as it hoped that it would.
Smart meter roll outs have been delayed more than ...
