Foresight launches £200m sustainable forestry IPO

Eight months after Foresight floated

Foresight Sustainable Forestry Company has launched its initial public offering on the London Stock Exchange, with a target issue of 200 million shares, at a price of 100p per ordinary share.

Foresight Group announced the forestry company last month, which is an externally managed investment company that will invest in UK forestry assets. The initial placing, offer for subscription and intermediaries offer open today (28 October) and are expected to close on 18 November. Initial admission and the commencement of dealings in the shares issued pursuant to the IPO launch is expected to take place at 8.00 a.m. on 24 November 2021. The forestry company said it will target a net asset value total return of more than CPI inflation plus five per cent per year on a rolling five-yea...