Loughborough spin-out Intelligent Energy could be heading for its initial public offering.

Intelligent Energy, a UK-based manufacturer of electric car fuel cells, could be heading for an initial public offering (IPO).

Speculation around the firm stems from a report by news provider Sky News, which notes that the Loughborough University spin-out has appointed banking firms Barclays and Canaccord Financial ahead of an IPO pencilled in for June.

The development comes shortly after a deal with India-based Ascend Telecom Infrastructure to supply hydrogen fuel cells to its network of 425,000 telecom towers. IE…

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