Blackstone-Backed ESDEC to Pursue US IPO
Blackstone Group Inc. is backing a Dutch solar energy company, ESDEC, in its pursuit of a US initial public offering (IPO). The company is reportedly aiming for a valuation of $5 billion.
ESDEC’s Background
ESDEC is a Netherlands-based solar energy company that designs, builds, and operates solar energy projects. It was founded in 2014 and is headquartered in Amsterdam. The company has a presence in the Netherlands, Germany, France, Spain, and the United Kingdom.
Blackstone’s Investment
Blackstone has invested in ESDEC since 2018. The company has invested more than $1 billion in the solar energy company, including a $400 million investment in 2020.
ESDEC’s Growth
ESDEC has seen significant growth since its founding. The company has grown from a small startup to a major player in the solar energy industry. It has built more than 1,000 solar energy projects in Europe and has a total capacity of more than 1.5 gigawatts.
ESDEC’s IPO Plans
ESDEC is now looking to take the next step in its growth by pursuing a US IPO. The company is reportedly aiming for a valuation of $5 billion. It is expected to list on the New York Stock Exchange or the Nasdaq.
Advantages of a US IPO
A US IPO would provide ESDEC with access to a larger pool of investors and capital. It would also give the company greater visibility in the US market.
Risks of a US IPO
A US IPO also carries certain risks. The company would be subject to US regulations and would have to comply with US accounting standards. Additionally, the company would be exposed to greater volatility in the US stock market.
ESDEC’s Future
If ESDEC is successful in its pursuit of a US IPO, it could be a major milestone for the company. It would provide the company with access to a larger pool of investors and capital, as well as greater visibility in the US market. It could also help the company continue its growth and become a major player in the solar energy industry.