Investing
Renewable firm Infinis sets price for IPO
Renewables firm Infinis Energy has set the price for its forthcoming stock market flotation.
The planned IPO will value the group at as much as £930m, with shares priced between 260p and 310p.
Individual investors will be able to buy shares, with a minimum investment of £1,000.
Infinis Energy, which is owned by private equity group Terra Firma, has indicated that it is likely to pay a dividend close to £55m in its first full financial year.
Infinis is one of the UK’s leading renewable energy suppliers generating approximately 7% of the UK’s renewable electricity output.
Analysts at The Share Centre said: “It [Infinis] may be attractive for environmentally aware investors seeking income, as indicative yields are in the region of around 6% to 7%.”
This is the latest in a string of high profile UK IPOs, including offerings from Royal Mail and Merlin Entertainments.