Foresight Sustainable Forestry Company raises £130m for IPO

Foresight Sustainable Forestry company shares will be available on Wednesday, 24 November

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Forest

The Foresight Sustainable Forestry Company has raised £130m in its IPO, marking the third investment trust for the firm and the 13th overall to launch this year.

The IPO, which was brokered by Jeffries International, will issue £130m ordinary shares at 100p being issued on the stock exchange for trading to commence tomorrow (24 November).  Richard Davidson, prospective chairman of the company, said: "Foresight Sustainable Forestry Company offers a unique investment opportunity in UK forestry which has been reflected by the demand we have seen from both institutional and retail investors. We now look forward to delivering on our targeted returns, development plans and investment pipeline." UK equity funds outperforming in ESG scores Bernard ...

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