Money Makers Mentor

Private Equity-backed The Hut Group Announce IPO

It was announced on Thursday that British e-commerce retailer, The Hut Group Ltd. (THG), is planning its first Initial Public Offering (IPO) on the London Stock Exchange. The company is planning the listing for mid-September 2020.

THG’s listing would mean major milestones for both the company and the London Stock Exchange. The listing is said to be the biggest London IPO of the year, and possibly the biggest one since 2013. The company’s listing would also be the first major London IPO to happen since the outbreak of Covid-19. The company is planning to sell £920 million ($1.2 billion) worth of new shares, as well as offering some existing shares.

In a post on Twitter announcing the news of the IPO, THG said the listing is a “major milestone for THG and we have a hugely exciting fut…

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