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Pantheon Infrastructure raises £400m in over-subscribed IPO
Pantheon Infrastructure said this morning it has raised £400m of fresh capital at its IPO, with a share price of £1 per share.
The company had initially set a target of around £300m, so the firm said it is “very pleased” with the result. During the raise, Investec Bank had come on board to arrange the raise.
The proceeds will be used for investment and expansion.
“The importance of investing in sustainable new infrastructure has never been more apparent and we are delighted with the depth of interest that PINT has received,” said Vagn Sørensen, Chairman of the company.