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Boohoo to float on Aim in mid-March

Boohoo is planning to list on the Alternative Investment Market (Aim) in London from the middle of March in a float which could value the company at £500m.

On Friday the young fashion etailer posted a regulatory filing in which it stated its intentions for the listing on Aim.  It has been reported that Boohoo plans to raise more than £100m from the float and gain a market value of around £500m.

Last week it was revealed the etailer has appointed ex-Shop Direct boss Mark Newton-Jones to its board in a non-executive director role. Newton-Jones joins former Asos non-executive Peter Williams, who is set to become chairman of the fashion etailer when it lists.

Readers' comments (4)

  • How can a company be valued at £500m when they make only £3m profit!? the run rate must be unbelievable - Zeus are masters at getting these things off the ground especially when one of them has shares in the business, now that's an incentive to increase the valuation....

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  • Its a joke that this company is valued at £500m!

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  • Any one investing in this be aware! over valued means one thing - a very long term investment

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  • Any one in the know understands that this is a disaster waiting to happen for investors

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