Made.com plans to capitalise on a pandemic-induced surge in demand by hiring bankers for a London listing.
The online furniture retailer has appointed bankers from Morgan Stanley, Liberum and JP Morgan as it weighs a potential float by the summer.
The move, which could also lead to a sale, would value the business at nearly £1bn, according to Sky News.
Made had rebuffed suggestions of a float two years ago but has been emboldened by strong online sales during the pandemic.
The company was founded 11 years ago by Brent Hoberman and Ning Li in Shoreditch, east London, but has been expanding aggressively internationally.
Search begins for Britain’s top black business leaders
The Black British Business Awards are once again looking for a rising star and senior leader in six key areas
22 February 2021 • 9:00am
Segun Osuntokun, managing partner of law firm Bryan Cave Leighton Paisner, was named the black British businessperson of 2020
Nominations are open for this year’s Black British Business Awards, an annual event that celebrates the achievements of some of the country’s top corporate bosses and entrepreneurs.
Now in its eighth year, the awards highlight “commercial excellence” among black professionals in six areas: arts and media; consumer and luxury; start-ups; financial services; professional services; and STEM (science, tech, engineering and maths).
How lockdown is hurting British business – sector by sector
From hospitality to retail, from aviation to the public sector, coronavirus has left scars which will last for years
20 February 2021 • 5:00am
Never before in modern history have governments deliberately shut down their economies to the extent witnessed in the last year. In an effort to halt the rapid spread of Covid-19 policymakers have implemented a range of restrictions, including total shutdowns of key sectors.
Now, however, there is light at the end of the tunnel, with hundreds of thousands of Britons receiving vaccinations each day and Prime Minister Boris Johnson set to unveil a road map out of lockdown.