EV company Pod Point announces admission to trading on LSE
Electric vehicle (EV) charging provider Pod Point announced yesterday its admission to trading on the London Stock Exchange (LSE).
The company revealed that its 153.4m ordinary share capital was accepted to the Financial Conduct Authority’s (FCA) official list, under the ticker PODP.
The news came a few days after the company confirmed its offer price was at 225p per share, with a market capitalisation of £352m.
“I founded Pod Point in 2009 with a mission to make travel which does not damage the earth,” said Pod Point’s chief executive Erik Fairbairn on 4 November.
“Today we are taking another great step towards making this dream a reality.”
After announcing his intention to float in early October, Fairbairn told City PM the IPO was a massive vote of confidence on the market side, marking the first step in the company’s future. “Although Pod Point is nearly 13 years old, I think of the IPO almost as day one,” he said.