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Homewares retailer Made.com plots raising GBP100 million in London IPO
Tue, 25th May 2021 10:07
(Alliance News) - Furniture retailer Made.com Ltd on Tuesday confirmed it is considering a potential London-listing, aiming to raise GBP100 million in the process.
London-based Made sells its sofas, arm chairs and other furniture in the UK, Germany, Switzerland, Austria, France, Belgium, Spain and the Netherlands through its eponymous website.
Made did not put a timestamp on its planned Main Market float, though it said it aims to raise GBP100 million in its initial public offering. Existing shareholders will sell stock too. It will be eligible for inclusion in FTSE indices.
220.06 pence 206.83 pence The NAV per share has increased by 13.23 pence in the quarter (an increase of 19.7% upon the opening NAV per share). This strong performance is principally due to a further rise in unrealised portfolio valuations as well as gains on realisations. The admission to AIM of two portfolio companies (further details below) made a significant contribution. Since 31 March 2020, the first quarter to reflect the initial outbreak of the COVID 19 pandemic, NAV return per share has increased by 55.3%, a very pleasing performance, reflecting a series of profitable realisations and strong, resilient performance by the majority of portfolio companies in response to the pandemic, particularly by those with direct-to-consumer models.
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6 May 2021 | 09:17am
StockMarketWire.com - VIrgin Wines UK is anticipating revenue and profitability for FY21 to be ahead of previous expectations, with turnover for the year expected to be no less than £73 million.
The update follows strong levels of customer demand in the first half of the company s financial year, which have been maintained so far in the second half.
The board said it is confident that underlying growth drivers which the direct to consumer wine sector is experiencing, alongside an accelerated shift in consumer behaviour towards online retailing, will continue.
Jay Wright, Virgin Wines UK CEO, said: The strong sales momentum delivered in the first half of the financial year has continued into H2 so far. We have been encouraged by the strong customer demand for our wines, alongside growth in our new range of beers and spirits, driven by the ongoing shift in consumer behaviour towards online retailing.