United H2 Limited (UHL) launched in 2019 and has since formed the world’s largest hydrogen conglomerate. Now, it’s planning a dual listing, and expects to achieve a valuation of $1 billion, the Forbes reported on 23 August.
Australian hydrogen conglomerate, UHL has revealed it’s three months into its listing process, seeking an initial public offer on the Canadian Securities Exchange later this year and, in late 2024, on the NASDAQ.
UHL claims it has so far generated $650 million in market capitalisation across 11 companies. Each of those companies, it says, started from a valuation of zero.
The company plans to back its CSE listing with a US$50 to US$100 million capital raise and has engaged TriPoint Capital Management to execute the dual listing, saying the increased liquidity and capital associated with being on a stock exchange will allow UHL to execute its business model at scale.
The image of United H2 Limited
Source https://is.gd/PVdYsv
