Foresight Raises 150 Million Pounds in U.K. Solar IPO

Foresight Group LLP, a London-based asset manager, raised 150 million pounds ($242 million) in an initial public offering for a fund focusing on solar power investments, Britain’s second to target the technology.

The fund offered shares at 1 pound each to investors who ordered 150 million shares, Foresight said today in a statement. The proceeds were lower than the 200 million to 250 million pounds targeted. The shares will start trading under the ticker FSFL in London on Oct. 29.