John Laing Infrastructure Fund IPO raises £270m

first_img Share INFRASTRUCTURE group John Laing has hit its target of raising £270m from the London listing of a fund today.The John Laing Infrastructure Fund (JLIF) will use the proceeds to acquire a seed portfolio of 19 investments from the John Laing Group, which is owned by asset manager Henderson Group.The seed portfolio, which includes projects in a variety of sectors including health, schools, roads, defence and emergency services in Britain, Canada and Finland, will be independently valued at around £260m, the firm said.John Laing subscribed to 23.1 per cent of the 270 million shares issued in the listing, having said it would acquire between 20 and 24.9 per cent.Shares in the company, which were offered at a fixed price of 100p per share and were sold to both retail and institutional investors, are expected to begin unconditional trading on Nov. 29.The company, which is the second infrastructure fund to list in London this year following GCP Infrastructure Investments Ltd, said it was initially targeting an annual yield of 6 percent per share. whatsapp whatsapp John Dunne by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem Wednesday 24 November 2010 11:16 amcenter_img Show Comments ▼ Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof John Laing Infrastructure Fund IPO raises £270m last_img read more