By Jaime Llinares Taboada

U.K. electric-vehicle-charger provider Pod Point said Monday that it is considering an initial public offering on the London Stock Exchange.

The company, which is majority owned by Electricite de France SA, said that the IPO would include new and existing shares and that it would have a free float of at least 25% of the share capital following admission. It also expects that EDF will retain a stake of more than 50% in the company.

Pod Point achieved revenue of 26.5 million pounds ($36.1 million) and adjusted earnings before interest, taxes, depreciation and amortization of GBP487,000 in the first half of 2021.

"An IPO would be a massive milestone in Pod Point's journey, enabling us to continue investing in our network, charge points, technology, and people, while helping us progress towards our goal of a Pod Point everywhere you park," Chief Executive Erik Fairbairn said.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

October 11, 2021 04:46 ET (08:46 GMT)