CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

The Hut Group IPO: London’s next big listing set for September

The IPO market has been quiet amid the economic fallout from Covid-19, but the slump comes to an end in September with the e-commerce company, The Hut Group, confirming it will list on the London Stock Exchange later this month.

  • London Stock Exchange prepares for first major IPO since Covid-19
  • Hut Group looking to raise £920 million and achieve valuation a of £4.5 billion
  • BlackRock, Janus Henderson and Qatar Investment Authority named as cornerstone investors in the Hut Group IPO

The Hut Group confirmed that it will become the London Stock Exchange’s (LSE) first major listing since the coronavirus pandemic hit.

In fact, it will be the first London IPO to raise more than £500 million since the travel platform Trainline carried out its listing in June last year.

What does The Hut Group do?

The e-commerce company operates and owns websites, including Lookfantastic, Skinstore and Mankind, with the business also selling its own nutrition and beauty products, which it offers via its subscription brand Glossybox.

Group revenues climbed 24% to £1.1 billion in 2019, with the company performing relatively well during the pandemic as more and more consumers turn to online shopping amid government-imposed lockdowns aimed at curtailing the spread of the infection. The company’s earnings are also strong, with EBITDA up 22% to £111 million and gross profit up 22% to £511 million.

‘THG has continued to develop our end-to-end technology platform, THG Ingenuity, which powers both our own brands and a growing number of major global consumer groups,’ The Hut Group CEO and founder Matthew Moulding said. ‘We have significantly expanded our global fulfilment capability, broadening our reach to customers in 169 countries.’

‘THG has also made important investments in our THG Experience portfolio, expanding the offering of our influencer platform, bringing over 5,000 influencers currently to both our own and our partner brands,’ he added.

When will the The Hut Group go public?

The Hut Group confirmed that it will go public in September, with the e-commerce company hoping to raise £920 million and achieve a valuation of £4.5 billion, according to a statement.

The company has managed to secure BlackRock, Janus Henderson and the Qatar Investment Authority as cornerstone investors for its planned IPO, with the three funds managers taking up £565 million worth of shares as part of the deal.

How to trade The Hut Group shares?

You will able to trade The Hut Group shares as soon as the company goes public. You can either trade on the price of the shares rising and falling with CFDs. To trade The Hut Group shares, follow these steps:

  1. Learn more about The Hut Group IPO
  2. Create a live or demo account with IG
  3. Open and monitor your position

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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