Fast-fashion chain New Look could resurrect its £1.7bn flotation plans when its board meets tomorrow to discuss market conditions.
New Look’s IPO plans were postponed last month when the process received ‘lukewarm’ support from investors and equity market conditions deteriorated.
New Look executives are set to meet on Tuesday to consider if market conditions have improved sufficiently to launch a fresh bid according to The Independent.
Any listing could come as early as June, five months after the retailer’s IPO plans failed to woo investors for the second time in three years.
New Look cancelled a flotation in 2007 after shareholders balked at the £1.8bn price tag.