Furniture Store Made.Com Set for A £100 Million London Listing
Summary Furniture store Made.com is all set to have its London listing and is aiming to raise £100 million. The company said it sold stocks worth £315 million last year, implying an annual growth of 30%. The company plans to utilise the funds to increase growth in existing markets, scale up its homeware segment. Continuing the spree of IPO launches this year like Moonpig Group Plc (LON:MOON), Deliveroo Plc (LON:ROO), and Trustpilot Group Plc (LON:TRST), London is now set to see furniture store Made.coms primary listing. The company is aiming to raise £100 million and is expecting a valuation of about £1 billion. Founded by Lastminute.coms Ning Li and Brent Hoberman, the company said it sold stocks worth £315 million last year, implying an annual growth of 30 per cent. It said to have generated net revenue worth £247 million. In the three months period ended 31 March, around 48 per cent of its gross sales came from European customers and the remaining from the UK. Among the original founders, Li presently is a director, while, Chloe Macintosh, Hoberman, and Julien Callede, all co-founders, would also reportedly get their shares.
Furniture Store Made.Com Set for A £100 Million London Listing
Summary Furniture store Made.com is all set to have its London listing and is aiming to raise £100 million. The company said it sold stocks worth £315 million last year, implying an annual growth of 30%. The company plans to utilise the funds to increase growth in existing markets, scale up its homeware segment. Continuing the spree of IPO launches this year like Moonpig Group Plc (LON:MOON), Deliveroo Plc (LON:ROO), and Trustpilot Group Plc (LON:TRST), London is now set to see furniture store Made.coms primary listing. The company is aiming to raise £100 million and is expecting a valuation of about £1 billion. Founded by Lastminute.coms Ning Li and Brent Hoberman, the company said it sold stocks worth £315 million last year, implying an annual growth of 30 per cent. It said to have generated net revenue worth £247 million. In the three months period ended 31 March, around 48 per cent of its gross sales came from European customers and the remaining from the UK. Among the original founders, Li presently is a director, while, Chloe Macintosh, Hoberman, and Julien Callede, all co-founders, would also reportedly get their shares.