Daisy set to Float for £200m

British telecommunications group, Daisy Communications, is in talks over a 200 million pound ($330.5 million) flotation on London’s Alternative Investment Market, the Sunday Times reported.

The company, which provides corporate telecoms to small and medium-sized companies, wants to raise cash to fund acquisitions and an announcement on the IPO could come this week, the newspaper said.

Daisy is in talks to reverse into Freedom4 Group, a telecoms minnow previously known as Pipex, the report said.