It has been a busy year for UK retailers on the stock market. Use our timeline to see who has floated, how they’ve fared, and who’s next.
Retail is flavour of the month – or year, rather – on the stock market. Since Conviviality and Bonmarché floated in late 2013, there has been a rush to float and to date, a total of nine retailers have floated in the past 12 months. The tide is likely to turn if and when those retailers that have not already floated report less-than-impressive figures. But for now, retail is flying high on the stock market.
How it works: Scroll left on our IPO Watch timeline below, to see an at-a-glance breakdown of who has floated so far.
German etail giant Zalando has announced its intention to float on the Frankfurt stock exchange this year, following months of speculation. Currently owned by Kinnevik, it anticipates to list a stake of 10-11% on the stock exchange. It is aiming to raise more than €500m to fund business growth, according to Reuters. The offering could value the retailer at between €4bn-6bn. The share price is expected to be set on September 29.
M&M Direct, formerly tipped to float on AIM, has now been bought by Danish fashion group Bestseller from its private equity owners for up to £140 million. M&M has been owned by global private equity firm TA Associates since 2007.
Young fashion retailer Blue Inc’s impending IPO, planned for June 19th, is set to be oversubscribed allaying fears that investors are shunning retail stock. Blue Inc, which is being advised by Cantor Fitzgerald, looks likely to have a full order book ahead of its flotation.
There is speculation that cycling etailer Wiggle is exploring an IPO and is speaking to advisers at Rothschild.
Made.com, the online furniture specialist backed by Lastminute.com co-founder Brent Hoberman, is looking into a potential IPO and has held talks with City advisers.
Moonpig-owner Photobox plans to list before the end of June, it is understood. It has appointed JP Morgan, Jefferies and Numis as advisers and is thought to be valued at between £400m and £500m.
Read more on Game's £340m IPO here.