The Hut Group begins trading on London Stock Exchange after successful float

Matthew Moulding 2017

The Hut Group has begun trading on the London Stock Exchange this morning after its successful float raised £1.88bn, in turn pushing its market capitalisation to £5.4bn.

In a statement issued this morning, The Hut Group said it would begin trading on the London Stock Exchange from 8am following the float, which is the largest ever by a UK tech company and the UK’s largest IPO since 2015. 

Based on the offer price, THG said market capitalisation for the business would be £5.4bn when it commences trading.

Chief executive Matthew Moulding said: “I am delighted that THG has received such strong support from some of the world’s largest investors, which means we have been able to achieve a highly successful offer of shares in the company.” 

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