May 22, 2021
Made.com set for £1bn London float
Made.com is set to confirm its initial public offering in London after the Covid-19 pandemic helped accelerate growth. An announcement could come as soon as next week, just days after private equity company Electra said it would float casual dining chain TGI Fridays and shoe retailer Hotter. A new corporate holding company for Made was established last month with Li Ning, the other co-founder, as its controlling shareholder and former Superdry and John Lewis executive Susanne Given as chair. The float would follow the successful debuts of online greetings card specialist Moonpig, online vintners Virgin Wines and "Recommerce" website Music Magpie, which floated on London's junior market last month. Along with Hoberman and Li, other existing investors include Amadeus, venture capital group Partech and Archimedia, the holding company for Seattle Coffee Company founder John Hunt.
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