Alfen designs and sells energy storage systems, smart gridsand electrical car charging equipment. The company did not saywhat percentage of shares investment firm Investos, its soleowner, intends to float.
CEO Marco Roeleveld told reporters it was possible Investoswould sell a stake of more than 50 percent "depending ondemand."
Alfen said it had
"We are targeting annual compound sales growth of 40percent," Roeleveld said on a conference call.
Roeleveld said the company is profitable, but would notdisclose its full profit and loss and accounts for 2017 until itpublishes its IPO prospectus later this month.
Alfen said had adjusted earnings before interest, taxes,depreciation and amortisation (EBITDA) of
The IPO proceeds will go to Investos, and Roeleveld saidAlfen was capable of financing itself from its current cashflow.
He said the company was seeking an IPO in order to raise itsinternational profile and enable it to grow more quickly in
Alfen's energy storage systems provide utilities with ameans to help balance supplies from intermittent solar and windpower production.
ABN Amro and Barclays are acting asglobal coordinators in the listing.
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