Pod Point charges toward flotation

Car charging firm Pod Point is aiming to raise £120m in its stock market flotation. The listing, including a free float of at least 25%, will value Britain’s largest provider of electric car home-charging kits at several hundred million pounds and trigger windfalls for existing shareholders. France’s EDF has a 78% stake but is expected to retain most of its shares, while Legal & General Capital Investments is set to trim its 22% holding. Pod Point is the second largest provider of workplace chargers in the UK and has installed 13,000 commercial charging points. The Times (£)