logo-loader
viewUS Solar Fund PLC

US Solar Fund pushes back US$250mln London IPO

“A small number of additional investors require further time to complete their due diligence. Accordingly, the board has decided on a short extension of the timetable in respect of the offer”

solar panel in desert
It’s been tough going for London’s IPO market of late

US Solar Fund PLC has been forced to delay its US$250mln London IPO.

The investment company, which is targeting the “rapidly growing” US solar energy market, had been due to join the London Stock Exchange later this month.

READ: US Solar Fund set for US$250mln London IPO next month

But it said today, it was pushing back the flotation to allow a “small number of additional investors” more time to carry out their due diligence.

“The board is very pleased with the strong response to the offer received from a broad range of investors, which includes a number of large, blue-chip institutions, particularly in light of current political and economic uncertainty,” read a company statement.

“A small number of additional investors require further time to complete their due diligence. Accordingly, the board has decided on a short extension of the timetable in respect of the offer.”

US Solar said it will provide more details and publish a revised timetable next week.

Quick facts: US Solar Fund PLC

Price: 0.955 USD

LSE:USF
Market: LSE
Market Cap: $238.75 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Xpediator PLC's CFO Robert Ross and COO of Logistics Romania to step up as...

Xpediator PLC's (LON:XPD) CFO Robert Ross speaks to Proactive's Andrew Scott following the news chief executive Stephen Blyth will step down from the position. Blyth will continue as a director in the position of founder and non-executive deputy chairman. While the search for a permanent...

15 hours, 6 minutes ago

2 min read