The Hut Group (THG) which has been on a high growth trajectory in recent years, achieving £1.14bn sales for the year ended 31 December 2019, has called in seven banks to advise on a potential flotation. Citi, JP Morgan, Goldman Sachs, HSBC, Jefferies and Numis are said to be advising on an offering that has every possibility of being the UK’s largest initial public offering this year.
A sale of £1bn of new and existing shares is being mooted however the business has said that it speaks every year to major global investors and future investment options to support its global growth plans.
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