One51 plans flotation as Desmond makes €40m

One51 is plotting a stock market flotation in the second half of 2018, with the plastics manufacturer eyeing up Toronto or Dublin as potential IPO locations.

The company plans to make a bolt on acquisition in Europe in advance of the flotation, while also restructuring some business units.

The move comes following the decision last week by Dermot Desmond, the billionaire financier, to sell his 25 per cent stake in the business to ...