3i and Oak Hill Investors are listing data centre operator Telecity Group on the main market of the London Stock Exchange. The IPO is pricing Telecity shares at 220p each, representing a market capitalisation of £436m. The flotation of Telecity follows a number of pulled IPOs recently. TA Associates-backed SmartStream and Lion Capital-owned Wagamamas are amongst the businesses that had scheduled listings but decided against it due to unfavourable market conditions.
While 2019-2020 saw DBAG's NAV fall by 5.8%, the GP expects to increase PE investments in the coming years
Startup was founded last year and has reportedly raised $8.2m so far
Kinnevik joins new investors Piton Capital, BurdaPrincipal Investments and VNV Global
France-based telemedicine startup intends to use the fresh capital to expand its domestic presence