Latest News The Hut Group prepares to trade after sealing bumper...

The Hut Group prepares to trade after sealing bumper $7 billion London IPO

-

- Advertisment -

[ad_1]

British Prime Minister Boris Johnson (L) is shown around by The Hut Group founder and CEO Matthew Moulding (R) during a visit to a fulfillment center in Warrington, in north-west England on December 10, 2019.

BEN STANSALL | POOL | AFP via Getty Images

E-commerce firm The Hut Group is preparing for its first day of trading on Wednesday after batting away corporate governance concerns to seal the first major British initial public offering since the start of the Covid-19 crisis.

The company, which helps sell retail brands including Lookfantastic and skincare group ESPA, sold 376 million shares at 500 pence each, valuing the company at 5.4 billion pounds ($6.96 billion), in the biggest London debut since 2013.

JP Morgan, Citi, Barclays and Goldman Sachs were global coordinators while HSBC, Jefferies and Numis acted as joint bookrunners.

[ad_2]

Source link

READ MORE  Amazon is rapidly adding planes to its air fleet, inching closer to UPS and FedEx

Leave a Reply

Latest news

- Advertisement -

Mail-in voting amplified Red and Blue Vermont; the effect turned out to be fairly even

  While many Vermont Republicans expressed concern last spring about expanding the state’s vote-by-mail system for the general election, politicians...

‘Murder on Middle Beach’ director was ‘willing to do whatever it takes’ to probe mom’s murder

With HBO’s four-part docuseries, “Murder on Middle Beach,” premiering Sunday, the 29-year-old Connecticut director explores the life...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you