Smart meter company Calisen gains 4% on London debut

) gained 4% on its stock market debut on Friday, providing encouragement for other companies eyeing a London listing after a bruising 2019.

In the process, it became the first British company to complete a listing on the main London Stock Exchange since Trainline in June last year.The successful completion of the deal and positive aftermarket should provide encouragement for other IPO hopefuls, bankers said. European IPO volumes hit their lowest level in seven years in 2019 and the London market for new listings had a particularly dire time of it in the second half on the back of Brexit uncertainty and Britain’s December general election.No British company attempted an IPO after the summer and China’s SDIC Power, Indian special effects business DNEG and Kazakh finance company Kaspi.kz all made high-profile cancellations after announcing deals.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Drug research company PPD' shares soar 14% in trading debutPPD Inc. shares soared 14% in their trading debut Thursday, after the drug research company's initial public offering priced at the high end of its $24 to...
Source: MarketWatch - 🏆 3. / 97 Read more »

Warner Music Group files for IPO in the latest sign of music industry resurgenceThe major label's decision follows a record quarter for the company as the recorded music industry has gained significant ground thanks to subscription services.
Source: latimes - 🏆 11. / 82 Read more »