Made.com linked with blockbuster stock market flotation
Online furniture retailer Made.com is looking into a stock market flotation that would value it at more than £500 million and possibly as much as £1 billion.
According to a report by Sky News, the pureplay, which is backed by Brent Hoberman, one of the co-founders of Lastminute.com, is in talks with banks about advising on strategic options.
This will include an initial public offering set for the coming months.
According to city sources cited by Sky News, Made has yet to make any formal decision about whether to pursue a public listing.
The sale of a strategic stake to a new investor or outright sale of the company could also be considered.
Coronavirus
Earlier this year, Made reported a coronavirus powered homeware shopping boom.
Made’s Design Director, Ruth Wassermann, said: “This past year has made a big difference to the way we view our homes.”
“No longer are they solely a place to lay our heads at night but they’re our work out space, our office space, our local pub, and even school classrooms.”
“Our research has shown that we care more about our homes than ever before and it’s great to see people turning their hand, some for the first time, to decorating and designing their happy place,” she concluded.
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