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Boohoo to float in the next fortnight is expected to list on the stock exchange within the next fortnight,with the flotation valued at £500m.

The young fashion business will start selling shares to the public in March according to the Sunday Times.

Last month Drapers reported that may be fast-tracking its float with a prospectus due out imminently.

The fast-fashion etailer has been mulling a flotation since last summer, and hired Zeus Capital as an adviser in November, but its plans to launch an initial public offering (IPO) before Christmas were delayed by red tape.

The most recent available figures show Boohoo grew turnover to £67m in the year to February 28, 2013, up from £29m in 2012. Pre-tax profits rocketed from nearly £250,000 to £3.3m.

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