Energys Group, a UK-based provider of energy-saving products and services, announced terms for its IPO on Tuesday.
The Billingshurst, UK-based company plans to raise $10 million by offering 2 million shares at $5. At the proposed price, Energys Group would command a market value of $70 million.
Energys is an energy service company based in the UK that principally provides end-to-end customized solutions and services that involve retrofitting existing infrastructures. The company provides LED lighting systems and turnkey project implementation, including installation and commissioning of fixtures, controls, and IoT systems, as well as ongoing system maintenance and program management primarily within the UK. Energys also has offices in Hong Kong, where it conducts research and development and procures of lighting and other products, which are then sold to its UK-based operating subsidiary.
Energys Group was founded in 1998 and booked $8 million in revenue for the 12 months ended June 30, 2023. It plans to list on the Nasdaq under the symbol ENGS. Joseph Stone Capital is the sole bookrunner on the deal.
