A new infrastructure income trust, which published its intention to float in November last year, has produced its prospectus and is ready to launch its IPO with a £300m target.
AT85 Global Mid-Market Infrastructure Income had postponed the publication of its prospectus because of turmoil in the markets. However, yesterday (10 January), the trust, which will invest in a portfolio of midmarket infrastructure and assets and businesses relating to infrastructure, launched its placing. IPOs in London drop 90% in 2022 Ordinary shares are available to investors at 100 pence per ordinary share. The placing is expected to close at 2:00pm on 23 February. The offer for subscription and intermediaries offer are expected to close at 11:00am on 22 February. Inves...
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