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Evening Standard
Evening Standard
Holly Williams

Octopus boss calls for action to make London top choice for possible Kraken IPO

An Octopus Energy van in Brighton, East Sussex (Alamy/PA) -

The founder of Octopus Energy has said he would like to float the firm’s £6.4 billion Kraken Technologies division in the UK, but called on the London Stock Exchange to do more to make the market attractive for new listings.

Octopus Energy Group is set to demerge the software division in the next few months, having agreed a deal to sell a minority stake in Kraken, valuing the unit at 8.65 billion US dollars (£6.4 billion).

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