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Kingspan Group PLC on Tuesday said it is considering a potential initial public offer of its advanced building systems unit Advnsys. The Kingscourt, Ireland-based building materials supplier said a prospective IPO has the potential to unlock ‘meaningful value’ for shareholders in highly rated technology and data centre capital markets. In any potential IPO, Kingspan will remain a strong majority shareholder of Advnsys and will continue to consolidate its revenues and earnings, it added. Shares in Kingspan rose 10% to €72.70 each in Dublin on Tuesday morning. Kingspan said an IPO would give Advnsys, previously its Advanced Building Systems segment, a ‘valuable sector profile in its own right, appealing to its customers and other stakeholders.’ Advnsys is a provider of infrastructure primarily focused on data centres, ventilation, and daylighting. Kingspan said the business is well positioned to benefit from the rapidly expanding AI and data centre market. Bloomberg said Kingspan Chief Executive Gene Murtagh told a Tuesday conference call that the company is considering listing the unit in Amsterdam as soon as the first quarter of next year. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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