London Stock Exchange IPO Foresight Mulls
Foresight Group, an investor in renewables, said it plans to publish a registration document today and is considering making an initial public offering (IPO) on the London Stock Exchange.
Foresight Group executive chairman and co-founder Bernard Fairman said the company’s “significant” recent growth and “consistently strong performance”, together with the many “highly attractive” opportunities that are opening up across its markets, make listing the company on the LSE the “logical next step”.
Fairman said: “As one of Europe’s most established renewable energy and infrastructure investors, Foresight is extremely well-positioned to benefit from the accelerating global stimulus to the renewable energy and infrastructure markets and the huge boost it will provide to green energy investment.”
Foresight Group said it expects its admission to the Main Market to qualify for the LSE's Green Economy Mark.
The Green Economy Mark recognizes companies that contribute to the global green economy by deriving 50 percent or more of their total annual revenues from products and services.
The underlying methodology incorporates the data model of Green Revenues developed by FTSE Russell.
The Foresight Group also operates in the UK, Guernsey, Italy, Spain, Australia and Luxembourg from 12 offices.
Its international offices and London offices concentrate on investing in renewable energy and infrastructure, while its UK offices, including London, concentrate on investing in private equity.
As of 30 September 2020, on behalf of 33 Foresight investment vehicles, Foresight Group had AuM of approximately £ 6.8bn and managed 292 infrastructure assets and 104 private equity investments.