By Emma-Victoria Farr
LONDON (Reuters) – Optilan, a British integrated telecoms unit belonging to Darkpulse, will look to list on the New York Stock Exchange in mid-2022, Darkpulse said on Thursday.
Darkpulse, an infrastructure solutions firm in the United States, plans to list 20% of Optilan shares on NYSE and retain 80% ownership in the firm. It has no intention of spinning off or otherwise divesting its majority ownership interest, the company said in a statement.
Coventry-based Optilan, which will remain a subsidiary of Darkpulse after the initial public offering, said it intends to expand its markets, consider acquisitions and grow in the infrastructure technology (“infratech”) sector.
“I believe that an IPO would provide the greatest opportunity for Optilan to grow the infratech category, serve its customers, explore its own acquisition strategy and continue building the best team,” Darkpulse Chairman and CEO Dennis O’Leary said.
Optilan offers infratech consulting services, while Darkpulse focuses mainly on smart infrastructure. The number of shares and a price range for the offering is yet to be decided, according to the company statement.
In September 2021, Optilan appointed former Rolls Royce Vice President Kari Williams as sales and marketing director in an expansion of its executive management team. In October, Darkpulse announced that members of its executive team were appointed to Optilan’s board of directors, with O’Leary becoming chairman of the board.
(Reporting by Emma-Victoria Farr; Editing by Mark Porter)
