Oceanlinx prepares to float

Some days Greenbang likes to give thanks to the pun gods for making her job easy. Today is one of those days, after Greenbang discovered that a wave power company wants to float on the stock exchange.

Wave power. Float. You can see where this is going. Greenbang is welling up with enthusiasm to tell you Oceanlinx is going for an IPO that should help it raise up to £35 million, according to Reuters. The company is presumably hoping interested buyers will flood in.

Reuters goes on to say that the company could be valued at up to £100 million – no drop in the ocean for a wave power company.

What the impact on other environmental stocks will be is unknown, but anyone will tell you a high tide raises all ships.