The Hut Group aims to raise £1.9bn as it confirms IPO

The Hut Group

The Hut Group has confirmed its intention to launch a £4.5bn stock market listing that would give the etail group a £5.4bn market capitalisation.

The online retail group, which owns brands including MyProtein and Glossybox, will be selling 35% of its shares through the listing for £5 a share, which is expected to raise £1.9bn in fresh funds for the business.

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