Online retailer The Hut Group is considering floating on the stock market after sales rose 30% in the first half of the year, with estimates valuing the company at £350m.
The etail group, which owns 15 websites and also bought York retailer Coggles earlier this year, is understood to be planning a listing April or May next year, with Barclays expected to act as adviser.
In the first half of the year sales rose 30% to £77.1m. Full year sales are expected to reach £190m with an EBITDA of £15m.
The group previously hired advisers in 2011 to launch an IPO, however it later cancelled plans due to market uncertainties.