A Canadian helium exploration company is planning to list in the UK, potentially boosting the City.
Pulsar Helium is considering an initial public offering on the London Stock Exchange’s junior Aim market later this month, signalling confidence in the capital’s growth sector.
This move comes as concerns grow about the future of Aim, which has been contracting due to a series of takeovers.
Pulsar aims to go public in the UK by October 21.
The company is already listed in Toronto and the US but is looking to establish a presence in the London market to attract European investors.
The company was established to tackle a global helium shortage, which worsened after the war in Ukraine disrupted supplies from Russia.
Helium is critical for various advanced technologies, such as semiconductor manufacturing, medical imaging, space exploration, and green energy.
Pulsar’s British co-founder and CEO, Thomas Abraham-James, stated that the team had not considered any other European market aside from London.
“Aim has become an important platform for gas companies, highlighting a growing interest from investors,” he said.
“The UK market is well-informed when it comes to energy, exploration, and development companies. We view this as a positive move, and I hope it’s seen that way. The sector on the exchange seems to be gaining significant momentum and attention.”
Pulsar is pursuing major helium projects in both Minnesota, USA and Greenland.
