Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Boohoo to float in the next fortnight

Boohoo.com 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 Boohoo.com 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.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.