Smart meter firm Calisen aims for $1.8 billion London IPO
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LONDON (Reuters) - Calisen Group, which supplies smart meters to British households, is aiming to sell up to 4.08 billion pounds ($536.28 million) of shares in its planned initial public offering, banks working on the deal said on Tuesday.Owned by private equity firm KKR , Calisen said it intends to float around 25% of the company on the London stock market at a price range of 225 to 265 pence per share. That would imply a market value ranging from 1.25 billion to a maximum of 1.42 billion..