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Company News

The Hut Group plans to raise at least 920 mln stg in London IPO

Aug 27 (Reuters) - E-commerce group The Hut Group Ltd said on Thursday it was considering an initial public offering on the London Stock Exchange, targeting proceeds of at least 920 million pounds ($1.21 billion), as it looks to tap in pandemic-accelerated investor appetite for the sector.

If listed, the company said it plans to have a free float of at least 20% of its issued share capital and a fixed offer price that would give it a pre-money equity value of 4.5 billion pounds, the company said. ($1 = 0.7575 pounds) (Reporting by Muvija M in Bengaluru Editing by Rachel Armstrong)

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