Smart meter company Calisen prices £329 million London listing
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LONDON (Reuters) - British smart meter company Calisen priced a £328.8 million initial public offering (IPO) on Friday, placing 145.55 million shares at 240 pence per share, it said in a statement. The offer comprises 125 million new shares to raise gross proceeds of about 300 million pounds, with the rest being sold by existing shareholders. The implied market capitalisation of the company is 1.32 billion pounds.Trading is due to begin later on Friday.