Dusk eyes float on London Stock Exchange
The Dusk furniture and homeware retailer is reportedly planning a float on the London Stock Exchange.
According to Sky News, the company is in the process of appointing advisors to manage an initial public offering, which could happen as early as the second half of this year .
Subscribe to TRBSky said one source had told it that Dusk had been seriously examining the potential for an IPO, with the business expected to be valued at somewhere in the region of £300 million. It also said that Jason Walker, Dusk founder and executive chair, will remain a major shareholder after the company goes public.
The timing of the IPO would be subject to market conditions, Sky said.
In May, Dusk reported a surge in sales in the year to 31 March with revenue increasing by 28% to £195 million as it pushed ahead with its growth strategy.
It has also been investing in its infrastructure, warehousing and systems over the last two years, which has included a £1.5 million technology upgrade and the opening of a third UK warehouse.
Headquartered in Yorkshire, the company has two million customers with repeat shoppers now accounting for over 50% of all transactions.
In May, the company partnered with online retailer Very to make a selection of its bestselling furniture, upholstery and textile products available to a new audience, launching with 170 lines on the platform.
