Shares in Polish e-commerce group Allegro leapt more than 60% on their debut on Monday, giving the company a market value of almost $19 billion in Europe’s biggest initial public offering (IPO) so far this year.
The news just keeps coming from The Hut Group, the giant UK-based beauty retailer and technology company. On Wednesday, it announced that it had acquired Perricone MD, the popular US prestige skincare brand, for $60m.
The Hut Group’s much anticipated IPO will see its shares priced at £5 each giving it a market cap of £5.4bn, the company has said. It added that the 374m shares being sold make up around 35% of its total share count.
The Hut Group has published details of its highly anticipated stock market float with confirmation that it will go ahead with the IPO and that it plans to list on the London Stock Exchange’s main market this month.
The Hut Group confirmed what had been widely expected on Thursday morning — that it’s going to float on the London Stock Exchange. It also revealed impressive percentage growth figures and its strength in key markets.
British e-commerce firm The Hut Group could launch an initial public offering (IPO) as early as this week in a deal that could value the company at up to 4.5 billion pounds ($5.9 billion), sources said.
There’s speculation that fast-expanding beauty giant The Hut Group (THG) is mulling a stock market flotation. A report at the weekend said that it has been lining up meetings with some big-name investors.