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SEEIT plans GBP150m IPO

SEEIT plans GBP150m IPO

SDCL Energy Efficiency Income Trust (SEEIT) a newly established closed-ended investment company incorporated in England and Wales, is seeking to raise GBP150 million via an initial public offering to acquire a seed portfolio of 12 energy efficiency projects and contracted investment opportunities across the UK, together with a strong pipeline of near and medium-term investment opportunities.

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The extra dimension

The extra dimension

By Fiona Le Poidevin, TISE – There were 705 new listings on The International Stock Exchange (TISE) during 2017, which was an increase of 40 per cent on the previous year. In the first quarter of 2018, there was a 16.5 per cent rise year on year in new business, which took the total number of listed securities on the Exchange to 2,606 at the end of March 2018. These listings comprise a mix of equity and debt being issued by operating companies and nearly 400 securities issued by investment vehicles, including open and closed-ended funds and more than a quarter of all HMRC approved Real Estate Investment Trusts (REITs).