Made.com has confirmed its intention to list on the London Stock Exchange on June 21, 2021 with an offer price of £ 775.3million.
The online furniture retailer first announced plans to debut in the market last month, with the latest announcement revealing that the IPO was pegged at 200 pence per share.
The company will initially create 50million new shares which in turn will generate gross proceeds of £ 100million and an additional £ 193.8million of existing shares will be sold by shareholders.
In addition, an additional 14.5 million shares are made available through the sale of “shareholders under the over-allotment option”, which would bring the number of shares in the global offering to a total of 111.5 million. and 29% of the shares of the company. share capital issued at the time of admission.
Philippe Chainieux, CEO of MADE, said: “I would like to thank everyone who has been part of our growth journey, especially our employees, as we realize our vision of becoming the leading hospitality destination in Europe for digital natives.
“Our successful experience in the UK and abroad has been made possible by the foundations we have built over the past eleven years. “
He added: “A listing in London, where the company was founded, will allow us to accelerate our growth as we lead the development of the online furniture and homeware market as it evolves online, both in the UK and internationally.