Three companies have announced plans to tap investors for money on the London Stock Exchange
Three companies have announced plans to tap investors for money on the London Stock Exchange. Responsible Housing, a real estate investment trust, will float in a bid to raise up to £250m.
The trust, managed by asset management giant BMO, wants to invest in supported homes for adults with learning disabilities, mental health issues, physical disabilities, addiction problems and the elderly.
Another investment trust, Blackfinch Renewable European Income, is plotting an initial public offering, to raise £300m. Managed by early-stage investor Blackfinch Group, it will plough money into renewable energy infrastructure and aims to generate dividends of 8pc over the medium to long term.
And The Renewables Infrastructure Group, which is already part of the FTSE 250 index, wants to sell new shares. It is pricing the shares at 124p, a 3.6pc discount to their price on Friday. It has not said how. much it will raise, but it could be up to £502m.
The fundraisings come at a time when investors are looking to funnel cash into socially and environmentally responsible firms.
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