The Hut Group appoints seven banks to aid potential IPO

The hut group distribution centre warrington

The Hut Group has named seven banks – including JP Morgan and Goldman Sachs – to oversee a potential £4.5bn flotation.

The health and beauty platform, which owns brands such as Glossybox and Myprotein, has hired Citi, JP Morgan, Barclays, Goldman Sachs, HSBC, Jefferies and Numis to help with its IPO bid, as originally reported by Sky News.

The seven banks have been appointed with a view to a £1bn sale of new and existing shares in The Hut Group, which is set to take place as early as September.

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