Downing Renewables & Infrastructure Trust
Singer Capital Markets acted as Sponsor, Financial Adviser and Sole Bookrunner to Downing Renewables & Infrastructure Trust (‘DORE’) on their IPO to the London Stock Exchange’s Premium Segment of the Main Market, raising £122.5 million on admission.
£125.5 million Main Market IPO
June 2020: Singer Capital Markets is appointed as Sponsor, Financial Adviser & Sole Broker following a virtual pitch
August 2020: Pilot-fishing executed virtually across 10 institutions before the end of August. The entire process was managed by Singer Capital Markets, ensuring seamless communication, despite the remote nature due to the pandemic.
September 2020: The Singer Capital Markets team signed up several intermediary platforms and produced retail flyers, as well as organising several management webinars.
November 2020: Singer Capital Markets coordinated a 4 week remote roadshow, resulting in broad support from institutions, wealth managers and retail investors.
December 2020: Successfully closed the IPO in December, raising £122.5 million. It was one of only seven Investment Fund IPOs in 2020.
About Downing Renewables & Infrastructure Trust plc
Downing Renewables & Infrastructure Trust plc (“DORE”) is a investment trust investing in a portfolio of renewable energy generating assets and other infrastructure assets in the UK, Ireland and Northern Europe. DORE is looking to diversify across technology, geography and project stages to deliver stable income between seasons and over years.
Raised on admission
of cornerstone demand confirmed before the release of the ITF
Individuals who invested in DORE through intermediary platforms
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