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 or invest in The Hut Group shares?

You will able to trade or invest in The Hut Group shares as soon as the company goes public. However, there are two ways to take a position on the The Hut Group IPO and its share price:

You can either trade on the price of the shares rising and falling with spread bets and CFDs, or you can invest in the company directly by share dealing.

To trade or invest in The Hut Group shares, follow these steps:

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

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