Boohoo.com has become the latest retailer to list on the London Stock Exchange, making its debut on the Aim market this morning (March 14).
The young fashion etailer has a placing price of 50p per ordinary share, valuing it at £560m.
Boohoo said it raised £300m by placing 600 million ordinary shares with institutional and other investors.
Joint chief executives Mahmud Kamani and Carol Kane released a statement that said: “The IPO of Boohoo.com marks an exciting milestone in the company’s development and will support us in our continued ambition to provide high-quality, fast fashion at affordable prices for our fashion-conscious customers around the world.
“We view the support from investors as a strong endorsement of the company’s growth plans and we look forward to creating value for our new shareholders as we begin life as a public company.”