HydrogenOne Capital Growth seeks £250m fundraise in trail-blazing IPO
Bea Tridimas
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Hydrogen is securing growing interest from investors
Dedicated hydrogen investment fund HGEN plans to launch initial pubic offering on London Stock Exchange in July with backing from energy giant INEOS
HydrogenOne Capital Growth plc (HGEN) has announced plans to float on the London Stock Exchange this month in a bid to raise £250m towards its hydrogen investment strategy, with the green investment firm eyeing significant growth opportunities in the fledgling sector.
HEGN plans to admit shares to trading on London Stock Exchange's main market, with the IPO expected to close by the end of July, it said yesterday. The move would make HGEN the first UK-listed investment company decicated to investing in both public and private hydrogen and hydrogen-focused assets.