Intelligent Energy opens London Stock Exchange trading celebrating IPO

Intelligent Energy opens London Stock Exchange trading celebrating IPO

  • Dr. Henri Winand, CEO, Intelligent Energy opens London trading
  • IPO raises £55 million; company valued at £639 million at admission
  • £2.3 billion raised by technology companies on London Stock Exchange in 2014

London Stock Exchange today welcomed Intelligent Energy, the energy technology group, to open trading. Dr. Henri Winand, Intelligent Energy CEO formally opened the market, celebrating the Group’s £639 million IPO on the Standard segment of the Main Market. The company raised £55 million at admission.

Intelligent Energy develops advanced, power dense hydrogen fuel cell technologies, to provide efficient and clean power generation. It is the 19th technology business to list on London Stock Exchange in 2014. These 19 companies have a combined market capitalisation of £6 billion and have raised nearly £2.3 billion.

Marcus Stuttard, Head of UK Primary Markets and AIM:
“Intelligent Energy’s listing demonstrates London’s capacity to attract the world’s most exciting and innovative technology companies. The firm is the 19th technology company to float on our markets this year underlining UK and international investor appetite for innovative and ambitious businesses from the sector, as well as London Stock Exchange’s role in helping support innovation through long term equity finance.”

Dr. Henri Winand, Chief Executive Officer of Intelligent Energy Holdings plc, commented:
“The listing is a significant strategic step for Intelligent Energy and will provide us with the funds to exploit fully the exciting commercial opportunities available to the Company in our three divisions of Motive, Consumer Electronics and Distributed Power & Generation, which are the current focus of the business. All three are subject to significant structural trends and they have the potential to generate sizeable product and service opportunities for Intelligent Energy."

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For further information: 

Alexandra Ritterman +44 (0)20 7797 1222

Notes to editors:

About London Stock Exchange Group: London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.

The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and the pan-European equities platform, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.

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The Group offers its customers an extensive range of real-time and reference data products, including Sedol, UnaVista, Proquote and RNS. FTSE calculates thousands of unique indices that measure and benchmark markets and asset classes in more than 80 countries around the world.

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