HaloSource, a US-based company for water purification, issues $50m of new shares at its London Stock Exchange initial public offering and existing shareholders sell $30m of stock.
HaloSource, a US-based company for water purification, has raised $80m in its UK flotation.
The company issued $50m of new shares at its London Stock Exchange initial public offering and existing shareholders sold $30m of stock. The company’s shares are expected to start trading on October 18 at 135p each to give a market capitalisation of £100m ($158m).
In January, HaloSource raised $10m from international investors, including Prime Partners Asia Merchant Capital of Singapore.
Since 2007 and before the IPO, the…
