Gymshark eyes potential IPO as valuation soars

By Caoimhe Gordon2021-10-12T16:45:00

Gymshark founder Ben Francis and the brand’s private equity backers have started talks with banks and investors in advance of a potential IPO.

The sportswear giant is in discussion with institutional investors and investment banks over a potential float on the London Stock Exchange, just over a year after the brand hit a £1bn valuation, according to Sky News.

Although any potential IPO is still in the discussion stages, a source told Sky that an announcement could be revealed in the coming months, with little idea of the size of any flotation.

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