Made.Com London IPO: Online Furniture Retailer, Holders Seek $405 Million | #bumble | #tinder | #pof | #onlinedating


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Online furniture retailer Made.com Group Plc and its holders are seeking as much as 286 million pounds ($405 million) in an initial public offering in London, as millennials decorating their homes boost sales.

The company is looking to raise 100 million pounds from the offering, according to terms seen by Bloomberg Tuesday. Made.com will market shares at 200 pence to 265 pence apiece through June 15, with the new stock set to start trading June 16.

The company’s offering of trendy and affordable home furnishings and accessories have been a hit among housebound customers, looking to upgrade their decor and remote-work stations during the pandemic. Shares in listed peer Westwing AG have gone up more than sixfold over the past year.

Read More: Home-Decor IPOs Rush to Catch Last of Lockdown Boom: ECM Watch



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